Euronext.liffe Extends Trading Hours For Three Month Euribor Futures Contract

Euronext.liffe, the international derivatives business of Euronext N.V, announced today that from Monday 27 June 2005 the trading hours in the Three Month Euribor Futures contract will be extended by three hours. Euribor futures will close at 21.00 not 18.00 London time.

The extension of trading hours means that Euribor futures will be available throughout the US trading day through to 15.00 Chicago time.

The Three Month Euribor Futures contract, with an open interest of 3.1 million contracts is one of only a few truly global investment and risk management products.

Hugh Freedberg, Chief Executive of Euronext.liffe said: “Our US based customers have expressed a strong need to extend the Three Month Euribor futures contract further into the US trading day. Extending the trading hours for Euribor also increases its global coverage and brings it into line with Euronext.liffe’s increasingly liquid Eurodollar futures contract.”

Over the past few years, Euronext.liffe’s US business has grown at an annual rate in excess of 50%. The extension of trading hours reflects the growing importance and contribution of the huge risk capital trading pool located in the US to the Euribor futures market.