NASDAQ OMX Europe today announced that it has been granted approval by the Financial Services Authority to operate as a Multilateral Trading Facility (MTF).
Trading on NASDAQ OMX Europe will commence on September 26, with the ability to trade 25 constituents of the FTSE 100. That will then be followed by a staggered roll-out of approximately 600 European securities to be completed by the end of October.
Charlotte Croswell, president of NASDAQ OMX Europe commented, "We are delighted to receive FSA approval only 6 months after announcing NASDAQ OMX Europe. Our experience of building fast, liquid, transparent and highly efficient markets is testament to our ability to be at the forefront of innovation in Europe. We look forward to launching the new platform at the end of September. This has the potential to revolutionise the patterns of trading in Europe with only a single connection."
