Trading

Nasdaq's NLX losses top £50m as new challenger looms

Struggles continue for the US exchange's London futures venue – and the LSE is about to introduce new competition

Nasdaq's NLX losses top £50m as new challenger looms
Photo: iStockPhoto

Nasdaq NLX, the three-year-old London futures venue, has now lost the US exchange operator more than £50 million since its launch, new filings show.

NLX's total operating losses were £11.1 million for the year ended December 31, 2015, according to accounts filed with the UK's Companies House on September 1. These added to losses of £16.5 million in 2014, £17.6 million in 2013 and £5.1 million in 2012.

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