Infotech Lead America: NASDAQ OMX NLX has selected Equinix to host the new market from Equinix’s London, Slough LD4/LD5 International Business Exchange (IBX) data center campus.
NLX will offer short-term and long-term interest rate euro- and sterling-based listed derivative products, pending Financial Services Authority approval.
The Platform Equinix maximizes trading opportunities for the market both in the London market and internationally. The Equinix Slough data center campus puts NLX next to over 170 interconnected financial services customers, including a proportion of prospective trading participants.
Internationally, Platform Equinix also provides access to the world’s largest multi-asset financial ecosystem of more than 700 trading venues, market participants, specialized networks and technology service providers operating in the world’s top 16 financial markets.
Charlotte Crosswell, chief executive officer, NLX, said: “We want to ensure that our market participants have seamless and reliable access to NLX via familiar and trusted suppliers. Equinix provides an established ecosystem with key market participants already connected. Those participants will be able to benefit from NLX’s lower fees, ability to trade both ends of the curve on one market and the cross-margin efficiencies offered by all products.”
Russell Poole, managing director, Equinix, UK, said: “Our depth of experience of exchange deployments around the world and the built-in advantages offered by our financial services ecosystem will help NLX to quickly establish itself in the fixed-income derivatives space.”