Trading Technologies International, Inc. (TT) has released its connection to NASDAQ OMX NLX (NLX), the new London-based derivatives trading market.
NLX lists European short-term interest rate (STIR) and long-term interest rate (LTIR) euro- and sterling-based futures products. All NLX products clear through LCH.Clearnet, providing optimal initial margin efficiencies for market participants who will have the unique ability to portfolio margin both STIRs and LTIRs in a single clearing house.
"Trading Technologies will join the growing number of partners and participants at an exciting time, as NLX experiences increased volume and market share," said Charlotte Crosswell, CEO, NLX. "TT customers will benefit from our highly competitive fees, quality of our best bid and offer spreads, and potential initial margin savings."