London, 2013-08-16 18:00 CEST (GLOBE NEWSWIRE) --
Issue Date: 16/08/13
NLX Founding Participants
NASDAQ OMX NLX Limited (“NLX”) launched on May 31st 2013 with a range of incentives designed to enhance the competitive landscape in a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-based listed derivative products. Market Notice 002-13 detailed the available execution fees and incentive structures.
An additional scheme is available for Founding Participants. Without prejudice to the terms of the agreement to which this scheme relates, where a Participant is able to demonstrate its capacity to add value to NLX and enter into certain legal agreements, it is able, should it wish to do so, avail itself of the Founding Participant scheme. This scheme provides incentives linked to market share and the revenues of NLX including a potential future buyout.
In addition, where the interested party is a Founding Participant before October 31st 2013 that Participant is eligible to join the NLX Steering Group which advises NLX on certain operational matters. Founding Participants can also jointly appoint non-executive directors to the NLX Board, subject to the customary regulatory and legal approvals.
For further information in relation to this NASDAQ OMX NLX Notice, please contact:
Chris Rutt
Tel: +44 (0) 207 065 8149
Email: chris.rutt@nlx.co.uk
