NYSE Liffe U.S. Announces Wholesale Trader List For Block And Basis Trading In Eurodollar And U.S. Treasury Futures - Enhancing Market Quality, Facilitating Efficient Block and Basis Trading-

In an effort to provide greater choice and liquidity for customers wishing to execute transactions in sizes that are above the published Exchange block trade minimum thresholds in Interest Rate Futures, NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced the publication of its wholesale trader list.    This list contains the names and contact information for leading market participants who have expressed an interest in providing liquidity for wholesale trades, including block and basis trades, in interest rate futures contracts trading on NYSE Liffe U.S. 

"NYSE Liffe U.S. is proud to announce its wholesale trader list for interest rate futures.  These world-class firms stand ready to provide liquidity to customers wishing to execute block trades in our recently launched Eurodollar and U.S. Treasury futures as well as to price cash vs. futures basis trades,” said Tom Callahan, CEO, NYSE Liffe U.S.  “This service will provide an efficient way for customers to establish positions on NYSE Liffe U.S. cleared at NYPC without the prohibitive fees and operational complexities presented by other exchanges.”

All cleared transactions resulting from block or basis trades will also receive the capital and operational efficiencies generated by the portfolio margining capabilities and streamlined delivery protocols of New York Portfolio Clearing (NYPC).  NYSE Liffe U.S. does not impose a surcharge for block trades and offers clear and simple processing for wholesale transactions.

This list will be updated periodically as NYSE Liffe U.S. adds qualifying firms.   Block trading (Rule 423) and basis trading (Rule 422) procedures, rules and the wholesale trader list can be found at www.nyseliffeus.com.