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'.

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here