London, 17 January, 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 that it has expanded its team with new senior appointments, including David Helps as Head of Business Development.
Helps joins from NYSE Liffe where he was Head of Business Development for Fixed Income Derivatives. He has 25 years experience in the futures and options markets including almost 20 years trading in European, US and UK bond and interest rate futures. Helps began his career as a Liffe futures and options floor trader before becoming an independent futures trader.
“I’m delighted to be joining NLX, which is an exciting and innovative solution to the evolving derivatives landscape”, said Helps. “The focus is to highlight the competitive benefits that NLX brings to the market, including lower fees, ease of access and margin efficiencies through a horizontal clearing model.”
Ahead of its forthcoming launch, NLX has also recently appointed Blake Stephenson as Compliance Director. Stephenson will join NLX in February from the Futures and Options Association (FOA) where he has worked on regulatory advocacy. Prior to joining the FOA, Stephenson worked as a Senior Associate in market supervision at the FSA.
Helps and Stephenson join Carl Slesser, Chief Technology Officer at NLX who joined in 2012 from NYSE Euronext where he was Head of Product Development (Software Engineering). Slesser has previously held senior roles in product development at AEMS and Euronext Liffe.
”These strategic senior appointments build on our existing team as we prepare for the launch of NLX. They are well known in the industry and bring extensive experience and knowledge of our market”, said Charlotte Crosswell, Chief Executive Officer of NLX. “I very much look forward to working with them.”
NLX is a new London derivatives market, offering a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-based listed derivative products. NLX aims to enhance the competitive landscape by providing highly competitive execution and clearing fees and significant margin efficiencies, using NASDAQ OMX Genium Inet technology and a partnership with LCH.Clearnet. NLX is subject to Financial Services Authority (FSA) approval.
About NASDAQ OMX:
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 24 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-40 microsecond speeds with 99.999% 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 3,400 listed companies worth $6.2 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 (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NLX and NASDAQ OMX's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. 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 factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
NASDAQ OMX NLX Limited (NLX) has applied for approval from the Financial Services Authority for authorisation as an operator of a Multilateral Trading Facility but is not currently authorised. There can be no assurance that the FSA will give NLX the authorisation and permissions which it seeks.
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