-Substantial Volume and Open Interest Accomplished in Less Than 3 Months of Trading-
-Successful Start of the Migration of MSCI based futures to NYSE Liffe U.S.-
New York, June 14, 2011 – NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced that the exchange has reached a key milestone in customer participation with total exchange Open Interest surpassing a half million contracts and approaching 550,000. Less than 3 months after launching Eurodollar and U.S. Treasury futures on the exchange, Open Interest is just under 470,000 with more than 4 million total contracts traded. This level of volume, open interest and liquidity is evidence of the rapid acceptance of NYSE Liffe U.S. by customers and is an unprecedented accomplishment for a new futures exchange.
Additionally, during the week of June 5th, NYSE Liffe U.S. executed over 60,000 lots in total volume in futures on MSCI indices and migrated over 24,000 lots of Open Interest in futures on the MSCI Emerging Markets and MSCI EAFE indices from CME. Open interest in the MSCI complex on NYSE Liffe U.S. now stands at over 45,000 contracts. Effective June 20, NYSE Liffe U.S. will become the only U.S. exchange listing futures on MSCI indices and continues to work closely with customers to facilitate an orderly migration of Open Interest in these contracts from CME.
“NYSE Liffe U.S. is a platform built on innovation as a means of delivering true competition in U.S. futures trading and we are very proud to announce our rapid achievement of a half million lots of Open Interest,” said Tom Callahan, CEO, NYSE Liffe U.S. “We are pleased that the market has so quickly recognized the liquidity and value of our platform. We thank each of our customers, market makers and member firms for the ever-increasing support they’ve shown in our first three months of trading interest rate futures, and in offering liquidity in MSCI based futures. We will continue to deliver new levels of real efficiency and savings.”
NYSE Liffe U.S. has executed over 200,000 lots in customer block trades in Eurodollar futures since May 13th by a number of customers utilizing the exchange’s wholesale and block trading efficiencies. Combined with the value and efficiency inherent in the New York Portfolio Clearing (NYPC) model, NYSE Liffe U.S. continues to demonstrate its commitment to customers via strong market quality, liquidity and capital efficiency.
Interest rate futures listed on NYSE Liffe U.S. benefit from the powerful operational and capital efficiencies achieved through NYPC. NYPC delivers unique capital efficiencies achieved by calculating margin requirements based on the total risk within a portfolio of both cash bonds and derivatives combined with a streamlined delivery process allowing for the seamless netting of futures and cash securities.
For more information on NYSE Liffe U.S. and the migration of the MSCI futures products, please visit: http://www.nyseliffeus.com/and http://www.nyseliffeus.com/sites/liffeus.nyx.com/files/mscifaq.pdf
About NYSE Liffe U.S.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements