News Releases

 
NYSE Liffe U.S. Announces Enhancements to its Designated Market Maker Program and Publication of Wholesale Trader List for mini MSCI Emerging Markets and mini MSCI EAFE Index Futures
-Facilitating Efficient Migration of Open Interest Ahead of June 17 Expiration-

New York, May 25, 2011 – NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced further enhancements to its Designated Market Maker (DMM) program designed to provide robust and ongoing liquidity to its MSCI-based futures complex.    The enhanced DMM program features a new Migration Bonus Pool incentivizing DMMs to provide aggressive two-sided markets in institutional size in the central order book for the June 2011- September 2011 calendar roll.   The new program enhancements are intended to provide the highest possible levels of market quality for participants rolling positions from the June 2011 expiry onto the September 2011 contract month.   NYSE Liffe U.S. will become the sole U.S. exchange for MSCI index-based futures products effective trade date June 20, 2011 as a result of the delisting from CME of futures based on the MSCI EM and MSCI EAFE indices. 

Additionally, the Exchange published a new Wholesale Trader list containing the names and contact information for leading market participants who have expressed an interest in providing liquidity for block trades in the mini MSCI EM and mini MSCI EFAE index futures contracts trading on NYSE Liffe U.S.  This list provides additional opportunities for participants interested in transacting block trades to migrate Open Interest across exchanges and complements the central order book  liquidity available  on the NYSE Liffe U.S. platform

For more information on the upcoming Open Interest migration for MSCI based index futures please visit: http://www.nyseliffeus.com/sites/liffeus.nyx.com/files/mscifaq.pdf

Firm

Contact

Number

 

Credit Suisse

John   Scarnavack 

+1 212 325 7421

 

EWT

Josh Hansen         

+1 310 595 1052

 

Goldman Sachs

Steve Christian      

+1 212 902 3959

 

Infinium

Ryan Sherman      

+1 312 601 7815

 

Morgan Stanley

Hugh Flannery

+1 312 706 4109   

 

Sun Trading

Lance Robinson   

+1 312 924 4730

 

Susquehanna

Index Desk              

+1 610 617 2816

 

This list will be updated periodically as NYSE Liffe U.S. adds qualifying firms.  Block trading (Rule 423) 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 approximately 3 million contracts with current end of day Open Interest of over 270,000 contracts since launching in late March.  NYSE Liffe U.S. is a partnership with six leading market participants, Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley, and UBS. 

 

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.nyseliffeus.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 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