London, 24 April, 2013 – NASDAQ OMX NLX (“NLX”), the new London derivatives market launching a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-denominated listed derivative products, announces the appointment of Daniel Hodson and Alan Gibbins as Non-Executive Board Directors of NLX.
Hodson joins NLX with a wealth of experience from related market roles including CEO of the London International Financial Futures and Options Exchange (Liffe), Non-Executive Director, London Clearing House Plc (LCH) and Non-Executive Director, Rolfe and Nolan Plc.
“I am delighted to be joining NLX at this exciting phase in its development”, said Daniel Hodson,
Non-Executive Director, NLX. “The derivatives market is going through unprecedented change in structure, creating opportunities for a new market to support customers and help them grow their businesses. I look forward to using my experience to grow NLX.”
Gibbins brings over 40 years of financial experience to NLX, having been a Partner at Price Waterhouse Coopers LLP (PwC) and Non-Executive Directorships including Jefferies Bache International Ltd / Jefferies Bache Ltd and BlueBay Asset Management Ltd.
”Since the conception of NLX, we have brought onboard people who have exceptional experience and knowledge of the markets in which we will operate”, said Charlotte Crosswell, Chief Executive Officer of NLX. “Daniel and Alan have been involved in markets over many years and have a deep understanding of the structure and participants. I look forward to working with them closely to launch and grow the NLX market.”
NLX is a new London-based trading venue, offering a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-based listed derivative products, pending Financial Conduct Authority (FCA) approval. NLX aims to enhance the competitive landscape by providing highly competitive execution and clearing fees and significant margin efficiencies, thanks to the use of NASDAQ OMX proven Genium Inet technology and a partnership with LCH.Clearnet.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth more than $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500).
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
NASDAQ OMX NLX Limited (NLX) has applied for approval from the Financial Conduct Authority (FCA) for authorisation as an operator of a Multilateral Trading Facility but is not currently authorised. There can be no assurance that the FCA will give NLX the authorisation and permissions which it seeks.
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