News Releases

 
NYSE Liffe U.S. Reaches New Records in Volume and Customer Participation
-Crosses Major Milestone with Over 500,000 in Total Exchange Open Interest-
-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.
A unit of NYSE Euronext, 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.  It 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, a suite of MSCI-based futures and liquid precious metals contracts.  NYSE Liffe U.S. utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies that matched more than 4 million contracts per day on the NYSE Liffe markets in Europe in 2010.  The exchange offers a wide range of global connectivity options allowing members to efficiently transact on the platform in a highly cost efficient manner.

Disclaimer and 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 2010 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 19, 2011 under No. D.11-0333), 2010 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