Euronext.liffe, the derivatives business of Euronext, announced today that it intends to extend the trading hours for its benchmark Euribor interest rate futures to incorporate the Asian trading day. Trading will commence six hours earlier at 01:00 hours London time. The change in trading hours is due to come into effect late Q2 2007.
Hugh Freedberg, Chief Executive of Euronext.liffe, said: “The Euro continues to grow as a global investment currency, and activity on international futures markets from the Asian region is also increasing. By extending Euribor trading hours we will be improving the investment and risk management opportunities for Asia-Pacific investors.”
This development further enhances the value to customers of the Singapore hub recently installed for the LIFFE CONNECT® trading platform, and is supported by Euronext.liffe’s new Singapore office.
