The NASDAQ OMX Group, Inc. renames Philadelphia Board of Trade to NASDAQ OMX Futures Exchange (NFX), effective immediately.
NASDAQ OMX acquired PBOT as part of its acquisition of the Philadelphia Stock Exchange in July 2008. NFX is a designated contract market under CFTC jurisdiction and currently lists 10 futures products including interest rate swap futures, currency futures and sector index futures for trading.
Ben Craig, currently Vice President of Strategy & Futures for NASDAQ OMX U.S. Transaction Services, will also serve as President of the NASDAQ OMX Futures Exchange. Craig will be based in NASDAQ OMX’s Philadelphia, PA offices. Ben joined NASDAQ OMX following the acquisition of The Philadelphia Stock Exchange in 2008.
“The rebranding of our US futures subsidiary to NFX extends the NASDAQ OMX global brand while furthering our expansion into new asset classes and new markets,” says Chris Concannon, executive vice president, U.S. Transaction Services, NASDAQ OMX.
“In the year ahead, NFX will focus on furthering its strategy and leveraging its superior trading technology in the US futures space to bring new products to market on an efficient futures trading platform.”
L.D.