NASDAQ OMX NLX and SuperDerivatives to Offer Settlement Pricing for Interest Rate Derivatives

NASDAQ OMX NLX has partnered with SuperDerivatives to offer independent and transparent settlement pricing on its new London-based market for interest rate derivatives.

Daily settlement prices and some final settlement prices for NLX futures products are supported by SuperDerivatives. SuperDerivatives will deliver unbiased and accurate settlement prices based both on actual traded prices and order books within the NLX market itself and in the very closely related OTC markets.

Robert Emerson, head of Interest Rate Derivatives at SuperDerivatives said: “With the ever-increasing focus on transparency in today’s derivatives markets, as well as greater focus on collateral management, unpredictable settlement processes can be problematic. This partnership will create a truly innovative interest rate derivatives settlement process, drawing data from both the OTC markets and the listed interest rate derivatives traded on the NLX market, and should offer NLX market participants a high level of confidence around settlement and margin.”