NLX will offer a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-based listed derivatives products, pending Financial Services Authority approval.

RTS will provide low latency connectivity to NLX through its hosted offering in the London data centre. The firm will also support clients serving as market makers in the new NLX futures and spread products, using RTD Tango, RTS' algorithmic trading platform. As RTS offers connectivity to more than 135 marketplaces globally, the firm will also facilitate spread trading in NLX interest rates with those in other markets.

RTS' EMEA Sales Director Christian Zahm, who recently relocated to London from Frankfurt, Germany, said: "We are pleased to build on our relationship with Nasdaq OMX by committing fully to support the establishment and growth of NLX as a key market in Europe. Our dedicated sales, support and development team in London will lead the effort in supporting the new exchange on behalf of our firm and clients."

Charlotte Crosswell, chief executive officer of NLX said: "We are pleased to have RTS connecting to the NLX market and providing access to clients. A core part of the NLX offering is working with established and trusted partners to supply our customers with solutions to access and trade the market."