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Futures on DTCC GCF Repo Index® Achieve Major Milestones with New Volume and Open Interest Records
-Continue to gain traction amid rapidly growing participation by NYSE Liffe U.S. global customers -

New York, January 16, 2013 - NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX), today announced it has achieved major milestones for its award-winning suite of Futures on DTCC GCF Repo Index® (“GCF Repo futures”). Since the launch of GCF Repo futures on July 16, 2012, NYSE Liffe U.S. has traded nearly 500K contracts as a result of rapid growth in volume, Open Interest and activity from global interest rate market participants.

“We are thrilled about the growth of GCF Repo futures, which underscores the significance of   product innovation in the U.S. futures industry,” commented Tom Callahan, CEO of NYSE Liffe U.S. “We are extremely grateful to our customers for being instrumental in the success of the Futures on DTCC GCF Repo Index® Products and look forward to continuing to innovate and provide useful risk management tools to our global customer base.”

GCF Repo futures provide liquidity, transparency and flexibility via established market quality in the Exchange’s electronic central order book, supplemented by customer friendly wholesale trading facilities. The GCF Repo futures product suite has recently joined NYSE Liffe U.S. Eurodollar and U.S. Treasury futures complex in the innovative single pot risk methodology provided by New York Portfolio Clearing (NYPC), allowing users to benefit from significant capital efficiency vs. underlying repo and cash market positions.

As the underlying DTCC GCF Repo Index® continues to establish itself as a new benchmark at the short end of the U.S. yield curve, the base of market users of the new and innovative products continues to expand featuring active participation from major financing desks, global asset managers, leveraged funds and proprietary trading firms embracing GCF Repo futures for their diverse investment and risk management needs.

NYSE Liffe U.S. futures on the DTCC GCF Repo Index® are celebrating their six month anniversary with new records on January 15th:

New record daily volume for Futures on DTCC GCF Repo Index® Treasury contract: 13,969
New record daily volume for Futures on DTCC GCF Repo Index® Products suite: 14,119
Record Open Interest for Futures on DTCC GCF Repo Index® Treasury contract: 56,285
Record Open Interest for Futures on DTCC GCF Repo Index® Products suite: 58,461

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About DTCC GCF Repo Index® Futures
The DTCC GCF Repo Index® is the financial services industry’s first index to list average daily interest rates for General Collateral Finance repurchase agreements for the $300 billion GCF Repo® market, which clears at DTCC’s Fixed Income Clearing Corporation (FICC). Calculated using actual, fully-collateralized transactions in the underlying cash Treasury, Agency and Agency Mortgage-Backed markets, the DTCC GCF Repo Index® enables traders to more effectively manage interest rate exposure via this new, highly transparent short-term benchmark.  Traded exclusively on NYSE Liffe US, these products clear at NYPC, and therefore benefit from some of the features offered by this innovative clearing mechanism that combines the capital efficiencies achieved by calculating margin requirements based on the total risk within a portfolio of both FICC-cleared repos and futures. Trading on the LIFFE CONNECT® platform, these futures are listed alongside the highly liquid NYSE Liffe US Eurodollar and US Treasury futures. For more information and market data please visit www.nyseliffeus.com.

On December 2012 GCF Repo futures won the award for “New Contract of the Year in Interest Rates” by Futures and Options Week (FOW) Magazine.

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, liquid precious metals contracts and contracts based on the DTCC GCF Repo Index®. For more information please visit www.nyseliffeus.com.

 



Contact: Katrina Clay
Phone: 212.656.2017
Email:  kclay@nyx.com