Tom Ascher, chief executive officer of NQLX, said, "Nasdaq Liffe Markets is a new breed of exchange and our rulebook reflects that. Without traditional seats and their associated interests, NQLX was able to create a market structure and adopt rules that foster competition and benefit all market participants."
NQLX is a fully electronic, federally regulated exchange formed as a joint venture between The Nasdaq Stock Market Inc.® and LIFFE (London International Financial Futures and Options Exchange). It will initially list single stock futures on the largest U.S. companies through LIFFE's electronic trading platform, LIFFE CONNECT™. For more information on NQLX, visit: www.nqlx.com.
NQLX contract listing standards and the customer margin rules are awaiting review and publishing by the SEC.