After negotiating terms and regulations, two exchanges, OneChicago and
NQLX, began trading single stock futures in November 2002.
He managed buy side sales for Interactive Brokers, launched
NQLX, a start-up electronic futures exchange, and led the derivative sales and trading group at Nomura Securities.
Ascher joins ISE after most recently serving as Chief Executive Officer of
NQLX, Nasdaq Liffe Markets LLC.
Alaron is a Clearing Member of the Chicago Board of Trade, Chicago Mercantile Exchange and One Chicago, and is a Member Firm of
NQLX and the Merchants Exchange.
Operating under the jurisdiction of the Securities and Exchange Commission and the Commodity Futures Trading Commission, OCC provides clearing and settlement services for the American Stock Exchange, the Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, One Chicago,
NQLX, Pacific Exchange and Philadelphia Stock Exchange.
exchange,
NQLX, will explore whether there is sufficient customer demand for these contracts to be made available through
NQLX, subject to the approval of the Commodity Futures Trading Commission (CFTC).
During this time LIFFE technology has been bought and deployed by exchanges such as the Chicago Board of Trade, TIFFE and
NQLX.
The company is rated as a Tier One Independent Software Vendor (ISV) by Euronext-liffe and connects to EUREX, Chicago Board of Trade e-CBOT, Chicago Mercantile Exchange, Montreal Derivatives Exchange, Singapore Exchange, the Sydney Futures Exchange, the
NQLX and vendor connected equity and FX markets worldwide.
Current customers of the service represent some of the biggest names in the financial trading industry, including
NQLX, ABN AMRO, the Eurex division of Deutsche Boerse AG, First Traders, Euronext.
com, Chicago Board Options Exchange, and the NASDAQ LIFFE Stock Exchange -
NQLX.
The Chicago Board of Trade, the Tokyo International Financial Futures Exchange,
NQLX and Euronext have chosen LIFFE CONNECT(R) to trade a wide range of fixed income and equity derivatives products.
With this new capability, SunGard customers will be able to trade
NQLX single stock futures immediately upon
NQLX's launch, expected in the fall of 2002.
