Airbus’ Skytra selects Nasdaq as its technology provider

Airbus’ wholly owned subsidiary Skytra has selected Nasdaq, architect and provider of the world’s most widely adopted financial market infrastructure technology, to provide the core technology for its derivatives trading venue.  Headquartered in London, Skytra was recently established to help the $1 trillion per annum air travel industry hedge its revenue risk through the trading of cash-settled futures and options contracts based on a series of Skytra Price Indices. This is the first time that the industry will have financial risk management instruments available to them specifically to address revenue volatility. The air travel industry makes long-term financial commitments, but is challenged by short-term revenue visibility, where up to 90% of the tickets are