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Thursday, July 2, 2009

Futures Regulatory Alert #2009 - 10
NASDAQ OMX Futures Exchange Offers Ability to Lease Membership Seats

Markets Impacted:

  • NASDAQ OMX Futures Exchange (NFX)

Contact Information:

What you need to know:

  • Members of NFX must buy or lease a membership to trade on the exchange.
  • Legal title to an NFX membership may be leased to a person who has been approved as a member of NFX.
  • A member proposing to lease its membership must register with NFX as an approved lessor.

***Please show this to your firm’s Compliance Officer***

What is being offered?

Pursuant to NASDAQ OMX Futures ExchangeSM (NFXSM) Rule 118, a member may lease the legal title to its NFX membership to a person who has been approved as a member of NFX in accordance with the NFX rules.

How do I lease the legal title to my membership seat?

Pursuant to NFX Rule 119, a member proposing to lease its membership must register with the NFX Membership Department as an approved lessor.

Interested members will be placed on a disclosure list that will be made available to those inquiring about leasing a membership. Only contact information will be disclosed, unless otherwise directed by the member.

Where can I find additional information?

  • Contact Susan Murray, Membership Department, at +1 215 496 5322.


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