News Releases

 
NYSE Liffe to list MSCI Europe Index on central order book
London - 21 February 2013 – NYSE Liffe, the European derivatives business of NYSE Euronext, today announced the extension of its suite of derivatives based on MSCI indices to the London Central Order Book. Trading in NYSE Liffe’s MSCI Europe Net Total Return Index futures Contract will commence on 1 March 2013.

NYSE Liffe’s MSCI Europe Net Total Return Index futures Contract was introduced on the Bclear service in October 2011 to provide institutional investors with a means of optimising exposure to the MSCI Europe Index within an exchange cleared environment. This Contract is the first of a range of products linked to MSCI indices that will be made available on the Central Order Book.

Ade Cordell, Executive Director of Equity Derivatives, said: “We are delighted to be offering our customers the additional benefit and choice of a Central Order Book contract which should be a welcome addition to our current successful Bclear offering. Trades transacted on the Central Order Book are fungible with those transacted through Bclear, and by offering this extra dimension we give our customers the choice to execute business in a manner that best suits their needs and requirements.”

André Lamazouade, Director, Prime Financing at Credit Suisse, said: “Credit Suisse believes that the extension of the NYSE Liffe MSCI Europe Index futures product to an Open Order book will generate further growth in volumes and liquidity – providing end user investors with an operationally straightforward mechanism for accessing diversified beta. Credit Suisse will be an extremely active participant in the market and provide Direct Market Access to its clients.”

Emmanuel Dray, Global Head of Flow Trading at BNP Paribas, said: “BNP Paribas is pleased to be among the first to work with NYSE Liffe to grow liquidity of the order book on MSCI futures – increased liquidity is something that our clients have expressed a desire to see to allow for intraday execution.  We believe this addition will lead to sustained growth in the volume of MSCI listed products.  The MSCI Europe Index, a significant component of global benchmarks, is the ideal starting point for the offering.

With over forty MSCI index-linked contracts now on its Bclear platform, NYSE Liffe offers investors significant access to products based on MSCI indices,” said Baer Pettit, Managing Director and Global Head of the MSCI Index Business.  “We are delighted to further expand our longstanding relationship with NYSE Liffe with this new offering in their Central Order Book. They continue to play a strong role in the substantial growth trends that we have seen in the derivatives markets globally.”

The MSCI Europe Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the developed markets within Europe. The MSCI Europe Index consists of the following 16 developed market country indices: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

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.

Disclaimer
None of the information contained in this press release constitutes an offer, solicitation or recommendation to acquire or dispose of any security or investment or to engage in any other transaction or to provide legal, tax, accounting or investment advice or services regarding the suitability or profitability of any security or investment. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. NYSE Euronext offers no view on whether investments are appropriate for you  and recommends you obtain independent advice in respect of such investments. Persons wishing to trade products available on NYSE Euronext markets or wishing to offer such products to third parties (whether by way of admission to listing and/or trading of products, or otherwise) are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. NYSE Euronext does not make any recommendations regarding the merit of any company, security or other financial product or investment identified in this press release. Similarly, NYSE Euronext does not make any recommendation regarding the purchase or sale of any company, security, financial product or investment, endorsed or sponsored by any company identified in this press release. This press release is not intended to be, and shall not constitute in any way a binding or legal agreement, or impose any legal obligation or duty on NYSE Euronext or any of its affiliates. This press release speaks only as of this date.

NYSE Euronext disclaims any duty to update the information herein. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this publication include each and any such company as the context dictates. NYSE Euronext, New York Stock Exchange, NYSE MKT, NYSE Alternext, NYSE Arca, NYSE Liffe and Bclear are registered marks of NYSE Euronext. © 2013, NYSE Euronext – All rights reserved.