News Releases

 
NYSE Liffe U.S. Announces Wholesale Trader List for Block and Basis Trading in Eurodollar and U.S. Treasury Futures
-Enhancing Market Quality, Facilitating Efficient Block and Basis Trading-

New York, May 3, 2011 – In an effort to provide greater choice and liquidity for customers wishing to execute transactions in sizes that are above the published Exchange block trade minimum thresholds in Interest Rate Futures, NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced the publication of its wholesale trader list.    This list contains the names and contact information for leading market participants who have expressed an interest in providing liquidity for wholesale trades, including block and basis trades, in interest rate futures contracts trading on NYSE Liffe U.S. 

"NYSE Liffe U.S. is proud to announce its wholesale trader list for interest rate futures.  These world-class firms stand ready to provide liquidity to customers wishing to execute block trades in our recently launched Eurodollar and U.S. Treasury futures as well as to price cash vs. futures basis trades,” said Tom Callahan, CEO, NYSE Liffe U.S.  “This service will provide an efficient way for customers to establish positions on NYSE Liffe U.S. cleared at NYPC without the prohibitive fees and operational complexities presented by other exchanges.”

All cleared transactions resulting from block or basis trades will also receive the capital and operational efficiencies generated by the portfolio margining capabilities and streamlined delivery protocols of New York Portfolio Clearing (NYPC).  NYSE Liffe U.S. does not impose a surcharge for block trades and offers clear and simple processing for wholesale transactions.

Firm

Contact

DRW Investments

Trading Desk: +1 312 542 1090

Goldman Sachs & Co

Jerry Strabley: +1 212 902 5010

Morgan Stanley

Ben Seelaus :    +1 212 761 2662

UBS Securities

Riyaz Daya :     +44 207 567 7527 / Jay Merchant +1 203 719 8391

This list will be updated periodically as NYSE Liffe U.S. adds qualifying firms.   Block trading (Rule 423) and basis trading (Rule 422) procedures, rules and the wholesale trader list can be found at www.nyseliffeus.com.

NYSE Liffe U.S. is a global, multi-asset class futures exchange trading a diverse range of products, including the successful Eurodollar and U.S. Treasury interest rate products that have traded nearly 2 million contracts with current end of day Open Interest of over 100,000 contracts since launching in March.   These products also utilize the capital and operational efficiencies of NYPC, the new clearinghouse jointly owned by The Depository Trust and Clearing Corporation and NYSE Euronext.  Additionally, NYSE Liffe U.S. will become the sole U.S. exchange for MSCI-based index futures products on June 17, 2011.  On or before this date, futures on two of MSCI's most widely tracked global benchmarks, MSCI Emerging Markets and MSCI EAFE, will cease trading on CME and migrate to NYSE Liffe U.S. 

 

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

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 2009 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 22, 2010 under No. D.10-0304), 2009 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.



Contact: Eric Ryan
Phone: 212.656.2411
Email:  eryan@nyx.com