-Completes Transfer of Open Interest from NYSE Liffe’s European Futures Market-
NYSE Liffe U.S. Successfully Migrates Futures on MSCI Pan-Euro Index
-June 17 Migration of Futures on MSCI Emerging Markets and MSCI EAFE Indices from CME is Next-
New York, April 13, 2011 – NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced that it has successfully completed the migration of open interest in futures on the MSCI Pan-Euro Index from NYSE Liffe’s European futures market to its U.S. platform. The efficient transfer of open interest was accomplished through both central order book transactions and block trades. NYSE Liffe U.S. does not impose any additional fees or surcharges on block trading activity.
“We appreciate the strong support of our customers during the migration of the MSCI Pan-Euro Index-linked futures,” said Thomas F. Callahan, CEO, NYSE Liffe U.S. “We are committed to building a liquid, vibrant market for futures based on MSCI indices and consolidating open interest into our mini MSCI Pan-Euro Index contracts is part of that core strategy. The next step will be migrating futures on the MSCI Emerging Markets and MSCI EAFE indices from the CME in June. We have been proactively working with our extensive global client base to ensure a seamless transition of the over 65,000 lots of open interest in these contracts.”
“We are pleased that NYSE Liffe U.S. , as a licensee of a broad range of MSCI indices is executing its plan to provide a vital marketplace for MSCI index-based futures” said Theodore Niggli, Managing Director and Head of MSCI Indices. “We look forward to working with NYSE Liffe U.S. as it further expands its futures business on MSCI Indices including our flagship MSCI EAFE, Emerging Markets, Pan-Euro and USA Indices.”
On July 12th 2010, MSCI announced that it did not renew its licensing agreement with the Chicago Mercantile Exchange (CME) for futures contracts based on the MSCI EAFE and MSCI Emerging Markets indices. The last contracts available for trading on the CME will expire June 17, 2011. NYSE Liffe U.S. continues to work closely with customers to ensure the orderly transition of these contracts, including a comprehensive testing program during the week of May 9 for firms that do not already have market access. Information regarding the migration of these contracts, market testing and other details, is available at www.nyseliffeus.com or by calling John McGonegal at 212.656.5128.
About NYSE Liffe U.S.
Launched in September 2008, NYSE Liffe U.S. is the innovative U.S. futures exchange of NYSE Euronext. In March 2010, the exchange sold a substantial minority ownership stake to six leading market participants, Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley and UBS. NYSE Liffe U.S. utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies that matched nearly 4.7 million contracts per day in 2010 on the NYSE Liffe European markets. Offering a range of global connectivity options, NYSE Liffe U.S. enables its members to efficiently transact on the platform in a highly cost-effective manner while also utilizing other NYSE Euronext exchanges with unique pricing incentives and simplified access.
For more information on NYSE Liffe U.S. , please visit: www.nyse.com/nyseliffeus
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com.
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