In its first week of operation, new European listed derivatives trading venue Nasdaq OMX NLX has shown an initial steady growth in trading volumes.
Since launching last Friday, the venue has facilitated the execution of 56,056 lots, with the highest daily figure occurring on Wednesday when trading volumes reached 16,379 lots, according to NLX’s own figures.
Daily trading volumes steadily increased over the five days from Friday’s initial figure of 3,543 lots, although Wednesday’s high wasn’t met on Thursday, with only 15,626 executed.
“We are very pleased with the launch of NLX and the support we have received from our customers and partners to get to this point,” said Charlotte Crosswell, CEO of NLX. “These are early days in the development of the market, but we have seen trading activity across all products and encouraging performance so far.”
The London-based market has begun operations with trading in short-term interest rate and long-term interest rate euro- and sterling-denominated listed derivatives products.
Prior to launch, NLX announced a list of banks and clearing firms would provide liquidity and open interest in NLX, including BNP Paribas, Citi, GH Financials and UBS.
Getco Europe, Marex Financial and Tower Trading Group will also provide brokerage services to participants to trade on the venue.