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BOTCC to process Nasdaq Liffe

Nasdaq Liffe Markets (NQLX), in a preparatory move before the start of trading in single-stock futures (SSF) in the US, agreed to let the Delaware-based Board of Trade Clearing Corporation (BOTCC) process certain deals known as 'give-ups'.

    • John Ferry
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Give-ups allow an exchange member to trade on behalf of another when the market is so busy that one party is unable to register all of its deals. “This will help ensure liquidity when the markets are particularly fast,” said a spokesman for NQLX, a joint venture between the London International Financial Futures and Options Exchange (Liffe) and US equities exchange Nasdaq.

The Chicago-based Options Clearing Corporation (OCC) will process most SSF contracts, but the spokesman said the exchange

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