NQLX To Focus On Top Listings

NQLX LLC announced yesteday that it is focusing on its top listings by suspending over the next several months trading in 29 single stock futures names that lack open interest. In 19 single stock futures names, the suspension of all contracts, except for December 2003 contracts, took effect on December 5, 2003. Also, on December 5, 2003, in 10 additional single stock futures names, NQLX suspended trading in certain contract months that lacked open interest, with an eye toward suspending all trading in those names once the remaining contracts expire or have no open interest. Sixty-six other security futures and broad-based indices products continue to trade unaffected on NQLX.

Bob Fitzsimmons, NQLX CEO, said, "As we continue to assess the market and our business operations, we've decided to suspend trading in a limited number of contracts. After discussions with our members, they agreed that by concentrating on the more vibrant listings, we will focus the interest of market participants. In short, our goal is to create addition by subtraction."

For list of the suspended stock futures click here.

NQLX is a fully electronic, federally regulated exchange and a wholly owned company of Euronext.liffe. NQLX lists single stock futures and futures on broad based indices through Euronext.liffe's electronic trading platform, LIFFE CONNECT®, the world's most advanced derivatives trading system. For more information on NQLX visit: www.nqlx.