NFX

NFX

NFX Overview

Nasdaq Futures, Inc. (NFX) is a Designated Contract Market regulated by the U.S. Commodity Futures Trading Commission. NFX is one of Nasdaq’s four U.S. derivative exchanges, which taken together with NASDAQ OMX NORDIC (one of the largest derivatives exchanges in Europe) represent a global options and futures offering. NFX is a wholly-owned subsidiary of Nasdaq (Nasdaq: NDAQ), and is fully electronic exchange utilizing Nasdaq’s high-performing GENIUM INET technology, which features a transparent central limit order book and real-time trade reporting functionality along with robust pre-trade risk management capabilities. All NFX products are cleared through a single clearing house: the Options Clearing Corporation (OCC).

Matching Algorithms

NASDAQ Futures Exchange matches orders based on one of two algorithms and based on the product:

  • Price-time
  • Pro-rata

Connectivity options

The TT® platform supports connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options.