Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

NLX MARKS 12 MONTHS TRADING WITH OVER 15% MARKET SHARE IN EURIBOR®

NASDAQ OMX NLX (“NLX”), the London derivatives market for trading a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-denominated products, reaches its first 12 months of trading, capturing over 15% moving average market share in Euribor®, the world’s second largest STIRs futures contract.

”Since the launch of NLX we have developed our volumes, vendors, number of participants and the quality of our orderbook”, said Charlotte Crosswell, Chief Executive Officer of NLX. “With a Euribor® market share already over 15% and an orderbook that matches or beats incumbents’ best bid and offer up to 80% of the time, we have an established market that is attracting increasing demand from clients looking for the best price, reduced fees and initial margin savings. The quality of the market provides a springboard to launch our next generation of products and develop portfolio margining further to support our continued growth and meet customer needs.”

NLX Marks 12 Months Trading With Over 15% Market Share In EURIBOR®
NLX Marks 12 Months Trading With Over 15% Market Share In EURIBOR®

“UBS is delighted to mark its first year as a founding participant of NLX”, said Mike du Plessis, Managing Director, ETD Execution Services at UBS. “Following NLX’s development of meaningful market share and often additive quality in its orderbook, UBS has developed a smart aggregator that enables us to measurably and intelligently enhance the total liquidity available to our clients.”

 “NLX offers something different in the European derivatives landscape”, said Andrew Chart, Senior Director, Origination and Structuring, Prime Clearing Services at Newedge. “With an established market in place, it provides a solid platform to list new products, such as options and swap futures, which can help our clients in the fast changing regulatory framework.”

 “The NLX market has developed well in the first 12 months. With LCH.Clearnet as the clearing provider, participants benefit from significant offsets through portfolio margining opportunities that are not available on other markets”, said Alberto Pravettoni, Global Head, Repo & Exchanges at LCH.Clearnet. “It remains an important strategic objective for us to continue to work with NLX and the market to extend portfolio margining across additional assets.”

“The launch of NLX has created additional liquidity in the market place and new trading opportunities for our clients”, said Mark Phelps at G. H. Financials. “With the launch of innovative strategies like the suite of NLX Ted Spreads, and the quality of the NLX orderbook, there are opportunities now that didn’t exist previously. We are also seeing increasing numbers of requests from clients for market access and clearing for NLX so the future is looking bright for this market”