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NQLX is the first U.S. marketplace, since the repeal of the Shad Johnson Accord in September of 2000, to be approved by the CFTC for trading of single stock futures. This joint venture between Nasdaq and LIFFE was announced in March of 2001 and is a wholly electronic exchange offering a broad range of contracts. NQLX is an independent exchange and uses LIFFE CONNECTTM, the world's most advanced derivatives trading system, as its trading platform.