Tom Ascher, NQLX's CEO, said: "We thank the SEC staff for their careful review and diligent efforts in assisting us with the publication of our customer margin rules. With these rules now published, we will closely consult with key industry leaders and market participants to determine a prudent date to launch security futures. Having completed over six months of dress rehearsals in which we created a simulated trading environment, Nasdaq Liffe Markets is ready for live trading. We look forward to announcing a launch date in the very near future."
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.