The NLX (NASDAQ OMX NLX) provides the London-based market for trading interest rate derivatives. All NLX products are cleared through a single clearing house, LCH.Clearnet, using a Value at Risk (VaR) methodology with LCH.Clearnet’s Portfolio Approach to Interest Rate Scenarios (PAIRS).
NLX matches orders based on one of two algorithms:
The TT® platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to TT Access for more details about your connectivity options for connecting to TT.