Nasdaq’s NLX Grabs Market Share as Liffe Moves to ICE Platform
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Trading in short-term interest-rate futures on Nasdaq OMX Group Inc.’s NLX European exchange is increasing, reflecting market share gains while IntercontinentalExchange Group Inc. moves Liffe onto its platform.
Euribor futures averaged more than 100,000 contracts each day last week, the most since they started trading in June, according to data compiled by Bloomberg. That represented 20 percent of the trading that took place on the Liffe exchange for that contract, up from 4.9 percent the week before. A daily average of more than 40,000 short-sterling futures changed hands on NLX between Nov. 25 and Nov. 29, 13 percent of the trading on Liffe and a jump from 4.6 percent the previous week.