London, 2014-04-28 09:06 CEST (GLOBE NEWSWIRE) --
London, 28 April, 2014 – 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 listed derivative products, announces the appointment of Anthony Belchambers, Rod Banus and Andrew Chart as Non-Executive Directors of NLX.
Mr. Belchambers is the former Chief Executive of the Futures and Options Association (now FIA Europe), which he set-up in 1993 with the industry and which now represents 170 members. He is currently Deputy Chairman (and co-founder) of the Advisory Group to the European Parliamentary Financial Services Forum, and founder and industry Deputy Chairman of the Associate Parliamentary Group on Wholesale Financial Markets and Services. Mr. Belchambers is a barrister and has previously held positions as a regulator and market counsel.
“NLX has had a positive start and is bringing much needed competition to European derivatives during a period of significant change”, said Anthony Belchambers, Non-Executive Director, NLX. “With a considerable amount of regulatory and market structure change still to come, I hope to make a positive contribution to NLX’s growth and continued success.”
Mr. Belchambers is joined by Mr. Banus and Mr. Chart, who are appointed to the Board to represent the NLX Founding Participants.
Mr. Banus is currently Executive Director at Nomura International Plc. and has previously held senior positions at Dubai Mercantile Exchange (DME), the Singapore Exchange (SGX) and Barclays Capital.
Mr. Chart is a Senior Director, Orginination & Structuring – Prime Clearing Services at Newedge Group, and has held positions at Fimat International Banque SA and Man Financial.
”NLX is maturing as an exchange, with a good quality orderbook, sustained market share to build upon and significant pipeline of new participants joining”, said Charlotte Crosswell, Chief Executive Officer of NLX. “With the continued positive market structure developments in Europe, coupled with the ongoing growth and expansion of our market, now is the right time to expand the NLX Board with Directors that have strong knowledge and experience of all the vital facets of our market including regulation, trading and clearing. This will support NLX in the next phase of its growth story.”
NLX is a new London-based market offering a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-based listed derivative products, including: EURIBOR, Sterling, Schatz, Bobl, Bund and Long Gilt. NLX enhances the competitive landscape by providing highly competitive execution and clearing fees and significant margin efficiencies, through the use of NASDAQ OMX infrastructure and a partnership with LCH.Clearnet. To find out more visit: www.nlx.co.uk
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NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,200 listed companies with a market value of over $8 trillion. To learn more, visit www.nasdaqomx.com
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