Nasdaq’s NFX Approves Sixteen New FCM Members

Nasdaq (Nasdaq:NDAQ) announced that its Nasdaq Futures, Inc. (NFX), US-based energy futures market arm, has approved a total of sixteen new Futures Commission Merchants (FCMs) as new members, according to a Nasdaq statement.

Nasdaq is a worldwide provider of trading, clearing, exchange technology and listings services. With such a deep suite of services and FCMs, the exchange group has managed to further fortify its position as a market leader.

In particular, the new FCM members include, ABN AMRO Group, ADM Investor Services, Advantage Futures, Citigroup Global Markets, ED&F Man Capital Markets, Goldman Sachs, INTL FCStone, J.P. Morgan, Merrill Lynch, Mizuho Securities USA, Phillip Capital, Rosenthal Collins Group, Societe Generale, and Wedbush Futures.

According to Joseph M. Guinan, Jr., Chief Executive Officer, Advantage Futures, in a recent statement on the approval, "Nasdaq's new initiative dramatically reduces clearing and exchange fees. Competition improves markets. NFX benefits clients and Advantage Futures enthusiastically supports this launch."

"We provide our customers financial products, along with advisory and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services, to help them access market Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, protect margins and manage risk through our access to 31 global derivative exchanges. We are thrilled with the moves Nasdaq is making to provide our customers another channel to manage their energy exposure," noted Gregory Greves, Managing Director of CES of INTL FCStone Financial Inc.'s FCM Division, in an accompanying statement.

"We are pleased to welcome all of these new members to Nasdaq Futures. We continue to see strong interest from market participants, and we are working with them to facilitate easy access to our markets. The addition of these new members, representing premier FCMs, will facilitate broad customer access and allow firms to manage their trading and hedging needs in a cost-efficient way," added Magnus Haglind, Vice President and Head of U.S. Commodities, Nasdaq.

Earlier this week, Nasdaq made headlines after Market Prophit, a provider of real-time stock market sentiment analysis of social media conversations, licensed its platform to the Nasdaq’s Market Intelligence Desk.