Nasdaq OMX NLX: access all areas
Nasdaq and LCH.Clearnet’s new venture NLX is off to a flying start, and Charlotte Crosswell, chief executive of Nasdaq OMX NLX, believes the only way is up
In the spring of 2012, Nasdaq OMX Europe president Charlotte Crosswell spied an opportunity.
It was not long after regulators had thwarted the merger between the parent companies of Europe's largest futures exchanges, Eurex and Liffe, and the latter had quickly announced plans to set up its own derivatives clearing house in London, ditching LCH.Clearnet. To Crosswell, this gave Nasdaq a chance to break into the lucrative interest rate futures market – if Nasdaq could clear at LCH.Clearnet
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