Nasdaq, LIFFE to provide single stock futures

LONDON, MARCH 26. In a bid to promote futures trading in the U.S. and Europe, the New York-based bourse Nasdaq and London International Financial Futures and Options Exchange (LIFFE) today announced a joint initiative to develop the single stock futures market.

Later this year, regulatory changes will, for the first time, enable U.S. investors to trade single stock futures.

LIFFE and Nasdaq will form a U.S.-regulated entity, which will list single stock futures on global companies through LIFFE Connect, for trading by U.S. customers.

In a unique partnership between cash and derivatives markets, LIFFE and Nasdaq will provide single stock futures on a wholly electronic platform.

They also intend to develop links with U.S. and European clearing organisations to maximise efficiencies for their customers. - PTI

Send this article to Friends by E-Mail

Section  : Business
Previous : Listless deals on BSE
Next     : Power solely in Central list suggested to attract
           FDI