Citi's LavaFlow ECN (FLOW) has begun migrating its public quotations to the National Stock Exchange, Inc. (NSX®), the two organizations jointly announced today.
FLOW's quote migration to NSX from the Alternative Display Facility began yesterday and is expected to continue over the next several weeks. FLOW clients can still also get a direct feed from Lava, in addition to the NSX's direct feed. A copy of the migration schedule for FLOW is available at https://www.lavatrading.com/solutions/nsxrollout.pdf.
"Quoting on the NSX is yet another example of FLOW's ongoing commitment to meet the best price and execution needs of our customers," said John Procopion, President, FLOW. "We are appreciative of the NSX's partnership and are confident our clients will benefit from the stability of the NSX platform."
Joseph S. Rizzello, NSX Chief Executive Officer, said, "We are very pleased that FLOW has chosen NSX as their primary quoting venue. We believe their decision to do so signifies their recognition of the proven performance and capabilities of NSX's technology and the utility of our order delivery functionality. We welcome FLOW to NSX and look forward to a strong, successful relationship."
FLOW provides complete ECN functionality and direct market access with GOTO routing. FLOW offers the ability to place and interact with dark liquidity, increasing the opportunity for price and size discovery, along with protected venue quoting. FLOW's most active symbols and total volume executed are updated in real-time on the Lava website at https://www.lavatrading.com/flow.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. A driving force for change in the world of securities exchanges, NSX continues to provide pricing leadership and promote transparency in the industry. Acknowledged for its proven high-performance, low-latency technology, NSX is also becoming a recognized resource for Exchange-Traded Fund (ETF) data. For more information on NSX, visit www.nsx.com.