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LIFFE Expands Singapore Office
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Amsterdam, Brussels, Lisbon, London, Paris, New York, Monday 28 January 2008 – Liffe has announced an expansion of its Singapore office, signalling a new phase in its activity in the Asia-Pacific region.
Stefan Ullrich joins Liffe’s Singapore office to develop Liffe’s business across the region. He has previously represented Eurex in Asia since 1999. He joins Anthony Payne, a proprietary trading business specialist, who has also recently moved from Liffe’s London office to Singapore. Ste fan and Anthony will be co-heading the Singapore office.
Liffe opened its Singapore office in 2006 to provide a high level of direct service to its growing customer base there. The move followed the previous year’s launch of a telecoms hub that made it possible for customers in the region to access the Liffe market directly and more cheaply than before. In 2007 Liffe extended trading hours for its benchmark Euribor futures contract, enabling customers in the Asia-Pacific time zone to trade the Euribor future throughout the Asian trading day.
Liffe’s move comes at a time when its parent, NYSE Euronext, is increasingly focusing on business opportunities across Asia. Last year NYSE Euronext acquired a five per cent stake in the Mumbai-based National Stock Exchange of India, and opened an office in Beijing to attract listings on its cash markets.
Garry Jones, Executive Director of Business Development and Strategy, said: “We are expanding in Singapore because we want to be able to offer our Asian customers better access to our existing markets, including fixed income, commodities and equity derivatives. In addition we hope to broaden participation in our pioneering Bclear service. We are giving even more priority to Asian clients in Singapore and South East Asia, a s well as those in Japan, Ch ina, In dia and Australia. In the coming months we will be saying more about our next steps in this important region.”
For more information, please contact:
Amsterdam : +31 20 550 4488
Brussels : +32 2 509 1392
Lisbon : +351 217 900 000
London : +44 20 7379 2789
Paris : +33 1 49 27 11 33
Singapore : +65 63 221 410
New York : +212 656 4089
Notes to Editors
Liffe is the international derivatives business of Euronext, a subsidiary of NYSE Euronext. Liffe offers an unrivalled range of global futures and options products, which are made available to customers worldwide on its state-of-the-art trading platform, LIFFE CONNECT®. Business in derivatives on equities and interest rates, indices and commodities worth over €1,500 billion in total is traded through Liffe every day, making it the world’s second largest derivatives exchange, by value of transacted business.
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