NexTrade, a US ECN, said it will file an application with Commodity Futures Trading Commission (CFTC) to create NexTrade Futures Exchange.
The Florida-based firm, which has been in business for over five years, plans to introduce an all-electronic trading platform with a mix of proprietary contracts and some contracts competing with other exchanges. The launch date is still unknown, because the company is still the process of completing a formal...