News Releases

 
NYSE Liffe U.S. Celebrates First Year as the Home of mini MSCI Futures
-Volume Up 75% and Open Interest Up 175%
-Offers Exposure to Growth of Emerging Markets, which Represent 50% of Global GDP Growth
-Offers Access to MSCI EAFE with $1.3 Trillion Currently Benchmarked Globally

NEW YORK, June 29, 2012 -- NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX) today celebrates the one-year anniversary as the sole U.S. futures exchange trading contracts based on MSCI indices by announcing key performance and customer adoption metrics.  These metrics demonstrate that mini MSCI futures on NYSE Liffe U.S. have experienced significant growth in volume and open interest over the past year, particularly in the contracts based on the benchmark MSCI Emerging Markets and MSCI EAFE indices.  They also reflect growing interest in global investing, especially in emerging markets, and improved liquidity in the contracts.

“A year after completing the migration of futures on MSCI Emerging Markets and MSCI EAFE indices from the CME, NYSE Liffe U.S. has built an active, growing market for futures on these key global indices,” said Cliff Weber, Head of Strategy and Product Development, NYSE Liffe U.S.  “By introducing innovations like BIC (Block at Index Close) trading to further help our customers unlock the unique value of these products, we continue to hit records in volume and open interest.  From the outset of this partnership with MSCI, our goal was to create distinct customer value by offering liquid futures on some of the most recognized indices tracking the evolution of global markets today.”

In order to participate in the increasing globalization of economies and the integration of financial markets, investment portfolios have evolved to include more emerging marketplaces and global growth opportunities.   The real GDP share for emerging countries has increased from 12.5% in 1969 to 31% today with revenue growth up from 14% in 2006 to 21% in 2011.  With emerging markets representing approximately 50% of the global GDP growth, products like the futures on the MSCI EM index offer investors an opportunity to utilize emerging markets as an investment destination and growing source of revenues for many global corporations.

”The globalization of equity portfolio allocation continues to be a driving theme among institutional investors,” said Ricardo Manrique, Executive Director, MSCI. “The success of the mini MSCI Index futures contracts on NYSE Liffe U.S. further demonstrates the trend in global investing and the importance of quality global indices.”

Nearly 180,000 lots of mini MSCI Index futures Open Interest are currently established on NYSE Liffe U.S., representing a notional value of over $9 billion.   Open interest in the mini MSCI Emerging Markets contracts and mini MSCI EAFE contracts have increased 175% to 106,353 and 100% to 65,270, respectively since the migration from the CME in June 2011.  Average daily volume during the second quarter through June 8 stood at 17,597, an increase of 75% over second quarter 2011.  This growth in Open Interest and volume is a clear indication of growing customer participation as a wide range of leading global asset managers and other institutional investors have embraced the MSCI-based futures suite offered by NYSE Liffe U.S.

In May 2009, NYSE Liffe U.S. signed a license agreement with MSCI to offer a broad suite of domestic and international index futures products built on a range of MSCI equity indices.   These indices include style and sector exposures as well as flagship MSCI indices like the MSCI Emerging Markets (EM), MSCI EAFE and MSCI BRIC Indices.   MSCI calculates over 150,000 equity indices daily as part of a diverse index portfolio including broad and efficient market coverage of U.S. and European equity markets. MSCI indices are recognized and used by leading asset managers around the world.

For more information on mini MSCI index futures contracts and our 1-year anniversary video, please visit:  http://www.nyx.com/minimscis

 

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.  On July 16, 2012, the exchange plans to launch exclusive new futures contracts based on the DTCC GCF Repo IndexTM.  NYSE Liffe U.S. utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies that matched nearly 4.5 million contracts per day on the NYSE Liffe markets in Europe in 2011.  The exchange offers a wide range of global connectivity options allowing members to efficiently transact on the platform in a highly cost efficient manner.  For more information, please visit www.nyseliffeus.com

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 2011 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.

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.



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