-Placing NYSE Liffe US Among the World’s Fastest, Most Advanced Derivatives Exchanges-
NYSE Liffe US Completes Major Technology Upgrade
New York, Feb. 25, 2009 – NYSE Liffe US, the U.S. futures exchange of NYSE Euronext (NYX), announced that it successfully completed the upgrade to the fastest and most functionally rich version of LIFFE CONNECT® and the migration to a new Chicago-based data center. Developed and managed by NYSE Euronext’s commercial technology unit, NYSE Technologies, LIFFE CONNECT® is a leading global derivatives trading platform that offers customers low latency, unique flexibility and innovative functionality.
“NYSE Liffe US, thanks to the successful systems upgrade by NYSE Technologies, now has a state-of-the-art technology infrastructure with the speed, functionality and scalability that enables us to compete as a world-class trading venue,” said Thomas F. Callahan, NYSE Euronext Executive Vice President and Head of U.S. Futures. “This LIFFE CONNECT® upgrade offers our customers and member firms the same cutting-edge architecture powering NYSE Liffe in Europe , a platform that handled a record 1 billion futures and options contracts in 2008.”
“NYSE Technologies is very pleased to deliver one of the world’s fastest and most advanced trading engines to NYSE Liffe US ,” said Stanley Young, CEO, NYSE Technologies and co-CIO, NYSE Euronext. “LIFFE CONNECT® has been carefully designed to offer customers the very best in functionality and connectivity alongside ultra-low latency and superior scalability. This platform has performed extremely well for NYSE Liffe in Europe and we look forward to its continued success in serving customers of NYSE Liffe US.”
The LIFFE CONNECT® platform offers robust implied spreading, delta hedging, market making and risk management functionality. Its innovative design and open system architecture allows customers to build or purchase trading applications to suit specific business needs and to integrate those applications into other lines of business and business systems. LIFFE CONNECT® powers NYSE Euronext's global derivatives platforms, NYSE Liffe and NYSE Liffe US and is available to more than 825 client sites in 31 countries.
NYSE Liffe US provides a fully electronic market for 100 oz. gold futures, 5,000 oz. silver futures, options on gold and silver futures, and mini-sized 33.2 oz. gold and 1,000 oz. silver futures. All contracts are traded in U.S. dollars and physically settled in New York. NYSE Liffe US began trading operations in September 2008.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext operates exchanges in the U.S. and Europe including the New York Stock Exchange, NYSE Liffe, Euronext, NYSE Arca, NYSE Amex, and NYSE Liffe US . With over 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext’s equity markets represents more than 40% of the world's cash equities volume, the most of any global exchange group. NYSE Euronext also offers comprehensive global commercial technology, connectivity and market data business solutions through its NYSE Technologies unit. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.