NASDAQ OMX NLX Strengthens Team with Senior Appointments
1/17/2013 3:00 AM EST
NASDAQ OMX NLX Strengthens Team with Senior Appointments
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.”
About NLX:
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.
- ### -
NASDAQ OMX NLX Media contact:
London:
Thom Lant
+44 207 065 8064 (office)
+44 788 038 1992 (mobile)
NASDAQ OMX Media contacts:
North America:
Robert Madden
+1 646 441 5045 (office)
+1 347 740 0191 (office)
Joseph Christinat
+1 646 441 5121 (office)
+1 646 284 5920 (mobile)
Europe:
Carl Norell
+46 (8) 405 6639 (office)
+46 (734) 496 639 (mobile)
Martin Hedensiö
+46 (8) 405 62 54 (office)
+46 (73) 449 62 54 (mobile)
Martin.Hedensiö@NASDAQOMX.com