Euronext.liffe has announced that it will list a Schatz futures contract on Tuesday 18 June 2002.
This will trade on LIFFE CONNECT™, the world's most advanced electronic derivatives trading system, offering unrivalled speed of execution and flexibility.
Euronext.liffe's two-year German government debt futures contract will offer customers a number of significant advantages over the Eurex contract, including more efficient and cost-effective trading, finer pricing and enhanced trading opportunities.
- More efficient trading by doubling the contract size currently available to €200,000.
- Finer pricing with half basis point price sensitivity
- Enhanced trading opportunities
- Margin offsets against Euribor and Swapnote® through the London Clearing House
- More attractive trade matching method
- Uses Euronext.liffe's pro rata algorithm
Simon Raybould, Managing Director of Marketing and Sales at Euronext LIFFE said:
"A Euronext.liffe Schatz futures contract is a logical extension of the success we have had in euro interest rate products with Euribor and Swapnote®. Our customers have asked us to extend our suite of European interbank and government bond market contracts in the two year area. We are offering more efficient trading, finer pricing and enhanced trading opportunities. To that we are adding the significant benefits of cross margining and the unrivalled speed of execution and flexibility of LIFFE CONNECT™, the world's most advanced electronic derivatives trading system."
