-Volumes Continue to Grow With Strong Customer Demand-
NEW YORK, August 18, 2011 – NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext, today announced that Open Interest in the family of mini MSCI Index futures trading on the exchange surpassed the 100,000 contract milestone. In just 8 weeks since completing the contract migration from CME of contracts based on MSCI Emerging Markets and MSCI EAFE indices, Open Interest in the mini MSCI complex has increased more than 35% to 102,214 as of August 16, 2011.
“With the recent volatility in the international markets, investors are looking for ways to quickly adjust their international equity exposures,” said Cliff Weber, Executive Vice President, Head of Strategy and Product Development, NYSE Liffe U.S. “The dramatic increase in mini MSCI futures Open Interest reflects the growing appeal and acceptance of these contracts linked to well-established MSCI indices as a way to implement those changes.”
As Open Interest has grown, so has trading activity in the contracts. Through August 16, over 140,000 contracts have already traded on NYSE Liffe U.S., more than double the number traded during the same period a year ago. Average daily volume during that period is over 12,000 contracts per day with more than 23,000 contracts traded on August 9 alone.
NYSE Liffe U.S. is the innovative U.S. futures exchange of NYSE Euronext that was launched in September 2008. It offers customers a highly cost-effective platform with various pricing incentives, simplified accessibility and unique customer value, including the innovative New York Portfolio Clearing (NYPC) joint venture with DTCC. Additionally, 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.
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MSCI and the MSCI Index names are service marks of MSCI Inc. (“MSCI”) or its affiliates and have been licensed for use by NYSE Liffe US LLC. Futures contracts on any MSCI Index (“Contracts”) are not sponsored, guaranteed or endorsed by MSCI, its affiliates or any other party involved in, or related to, making or compiling such MSCI Index. Neither MSCI, its affiliates nor any other party involved in, or related to, making or compiling any MSCI Index makes any representations regarding the advisability of investing in such Contracts. Neither MSCI, its affiliates nor any other party involved in, or related to, making or compiling any MSCI Index makes any warranty, express or implied, or bears any liability as to the results to be obtained by any person or any entity from the use of any such MSCI Index or any data included therein. No purchaser, seller or holder of this security, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this security without first contacting MSCI to determine whether MSCI’s permission is required.