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NYSE Liffe U.S. Celebrates the Successful Launch of DTCC GCF Repo IndexTM Futures

07/20/2012


On Friday, July 20 executives and guests of NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext, will celebrate the launch and first week of trading for the exchange’s exclusive futures contracts based on the DTCC GCF Repo IndexTM.   As a potential new benchmark product offering exposure to the short-term interest-rate market, the DTCC GCF Repo Index is the first and only index to list average daily interest rates for centrally cleared repurchase agreements and is based on executed, fully collateralized transactions.

In honor of the occasion, NYSE Liffe U.S. CEO Tom Callahan rings The Closing BellSM with guests from DTCC and key customers.

 Watch the video of the ringing.

The contracts have been actively traded in just the first two days since launch with over 6,000 contracts traded, including 2,647 contracts on Monday, the first day of trading, and 3,539 contracts traded on Tuesday.  NYSE Liffe U.S. CEO, Tom Callahan will be joined by members of the exchange’s operating team, guests from The Depository Trust & Clearing Corporation (DTCC) and key customers to ring the NYSE Closing Bell.

About DTCC GCF Repo IndexTM Futures
The DTCC GCF Repo IndexTM is thefinancial services industry’s first index to list average daily interest rates for General Collateral Finance repurchase agreements for the $300 billion GCF Repo® market, which clears at DTCC’s Fixed Income Clearing Corporation (FICC).  Calculated using actual, fully-collateralized transactions in the underlying cash Treasury, Agency and Agency Mortgage-Backed markets, the DTCC GCF Repo Index™ enables traders to more effectively manage interest rate exposure via this new, highly transparent short-term benchmark.