London – 3 December 2012 – NYSE Liffe, the European derivatives business of NYSE Euronext, today announced the expansion of Bclear, the Exchange’s trade confirmation, administration and clearing service, with the introduction of Fixed Income products. The new contracts available through Bclear will be Three Month Euro (Euribor) Futures, Three Month Sterling (Short Sterling) Futures and Long Gilt Futures. The new Bclear contracts will be available to NYSE Liffe members from 10 December 2012.
NYSE Liffe expands Bclear service to include fixed income products
NYSE Liffe will be extending its Bclear service to accommodate market participants seeking to execute large size interest rate products. The Exchange is focused on facilitating efficient markets and its Bclear solution reconciles the processing and regulatory implications posed by large off-exchange transactions.
“With the regulatory environment moving towards greater use of central counterparty clearing services, NYSE Liffe is leading the way in supporting the Fixed Income trading community with a new service through its Bclear franchise, which is an innovative alternative for processing products currently traded off-exchange,” said Finbarr Hutcheson, Chief Executive of NYSE Liffe.
The Bclear Fixed Income contracts are available via the Exchange’s existing Central Order Book and Wholesale Services. Business submitted to NYSE Liffe via Bclear must meet a minimum volume threshold and be priced at a fair value, in accordance with the Bclear rules. Bclear contracts will be fully fungible with the existing Fixed Income contracts, and will contribute to a single pool of open interest for the relevant contract.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.
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