Euronext.liffe Announces Exclusive Fee Reductions For Traders In Singapore

Euronext.liffe today announced a new incentive scheme for Singapore-based derivatives traders. The scheme will offer free electronic trading for independent professional or local traders between 1st October 2004 and the end of 2005, and will apply to three major short term interest rate (STIR) contract suites: Euribor, Eurodollar and Short Sterling.

Senior executives from Euronext.liffe will meet 150 traders over the next two days at specially organised seminars to demonstrate the unique advantages of trading on LIFFE CONNECT®, the world’s most advanced and widely distributed derivatives trading platform.

Under the scheme, proprietary traders will be able to trade Euronext.liffe’s STIR futures products for free on a single screen with unrivalled liquidity and functionality, including full spread trading capabilities. Trading opportunities will be further enhanced through clearing and settling these major contracts together at LCH.Clearnet, thereby maximising capital efficiencies.

Amanda Sudworth, Director, Interest Rate Products said:
“ We are visiting Singapore to offer new opportunities and new products to a trading community known for its expertise in a wide range of contracts including STIRs. We understand the opportunities available to traders, and particularly locals, seeking to move into an electronic trading environment. The fact that our Euribor contract suite has grown 456% since migrating to LIFFE CONNECT® indicates the enhanced liquidity of fully screen-traded contracts which provides market participants with an unrivalled number of trading opportunities.”