EDX London was a
derivatives exchange
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or f ...
managed by the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...
that was absorbed into the
Turquoise trading platform in 2011. The market was set up in 2003 to combine the liquidity and expertise of the LSE with advanced derivatives technology offered by Sweden's
OMX AB. Members of EDX could trade either standardized or flexible
futures
Futures may mean:
Finance
*Futures contract, a tradable financial derivatives contract
*Futures exchange, a financial market where futures contracts are traded
* ''Futures'' (magazine), an American finance magazine
Music
* ''Futures'' (album), a ...
and
options on indices or single stocks. Trading took place on the three Scandinavian linked exchanges, the
Stockholm Stock Exchange
Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange ( sv, Stockholmsbörsen), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As ...
,
Copenhagen Stock Exchange
The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange ( da, Københavns Fondsbørs), is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options.
...
, and
Oslo Børs as well as some Russian stocks.
The exchange utilised the
electronic trading platform
In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...
Sola Trading and trades were
cleared via
LCH.Clearnet. At its peak, there were approximately 150 contracts available for trading.
The cooperation between EDX London and OMX was terminated in November 2009 when
Nasdaq took over
OMX. Most of the contracts were moved to
Nasdaq OMX
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, an ...
with only the Norwegian derivatives remaining with EDX London. NasdaqOMX moved these contracts to its
Genium Inet electronic trading platform
In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...
in 2010. The LSE merged the remaining EDX London contracts with its Turquoise trading service that it had acquired in 2009.
References
External links
EDX London- Website of the EDX London
Financial services companies of the United Kingdom
London Stock Exchange
Defunct companies of the United Kingdom
2009 disestablishments in the United Kingdom
British companies disestablished in 2009
2003 establishments in the United Kingdom
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