Nasdaq NLX Information

Nasdaq NLX (NLX) is a London-based market for trading interest rate derivatives. Market participants have the ability to trade a suite of UK- and European-listed interest rate derivatives products across the yield curve, with highly competitive fees. NLX products will be cleared through LCH.Clearnet, providing participants with the ability to portfolio margin short-term and long-term interest rate products in a single clearing house. This unique approach offers participants significant initial margin savings and collateral efficiencies, compared to the traditional market structure of clearing both ends of the curve in two separate vertical silo clearing houses. NLX is built upon the Nasdaq infrastructure, which powers one in every 10 securities transactions worldwide, and leverages the expertise and knowledge of tried and trusted partners to create an efficient, robust and flexible market.