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

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 {{UK-company-stub