NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX) is proud to announce that its new futures contracts based on the DTCC GCF Repo Index® were named ‘New Contract of the Year’ in Interest Rates by Futures and Options Week (FOW) Magazine at the 2012 FOW International Awards in London. Additionally, GCF Repo Index futures traded a new record of more than 8,600 contracts with open interest approaching 52,000 on Monday, Dec. 17.
As a potential new benchmark product offering exposure to the U.S. short-term interest-rate market, the DTCC GCF Repo Index® is the first and only index to list average daily interest rates for centrally cleared repurchase agreements and is based on executed, fully collateralized transactions. Since launch in mid-July 2012, NYSE Liffe U.S. has traded more than 375,000 total contracts valued at nearly $2 trillion as of December 17.
“We are gratified to receive this recognition from FOW, its panel of industry judges and our global customers. In July, we launched GCF Repo Futures in our ongoing effort to provide the market with innovative new products that address the capital and risk management needs of our customers,” said Tom Callahan, CEO, NYSE Liffe U.S. “From day one, GCF has been broadly adopted by tier one global banks, asset managers and hedge funds as it offers the first-ever risk management tool in the global futures industry tied to secured funding rates. We are grateful for the market’s continued support and we remain even more committed to delivering innovative products and building more efficient, customer-focused markets.”
Futures on the DTCC’s GCF Repo Index are designed to help traders better manage their interest-rate exposure by tracking the multi-billion dollar General Collateral Finance (GCF) Repo® market across the Cash Treasury, Agency and Agency Mortgage-Backed sectors. Futures on the DTCC GCF Repo Index®are licensed to NYSE Liffe U.S. and clear at NYPC. Daily volume in the GCF product family can be found here on http://www.nyx.com/GCFand index information here on http://www.dtcc.com.
Video for Futures on DTCC GCF Repo Index®: http://www.youtube.com/watch?v=Jj3KgdgW7A8&feature=youtu.be
