NYSE Liffe US, the
U.S. futures exchange of NYSE Euronext (NYX), announced that it successfully completed the upgrade to the fastest and most functionally rich version of LIFFE CONNECT® and the migration to a new Chicago-based data center. Developed and managed by NYSE Euronext’s commercial technology unit, NYSE Technologies, LIFFE CONNECT® is a leading global derivatives trading platform that offers customers low latency, unique flexibility and innovative functionality.
“NYSE Liffe US, thanks to the successful systems upgrade by NYSE Technologies, now has a state-of-the-art technology infrastructure with the speed, functionality and scalability that enables us to compete as a world-class trading venue,” said Thomas F. Callahan, NYSE Euronext Executive Vice President and Head of U.S. Futures. “This LIFFE CONNECT® upgrade offers our customers and member firms the same cutting-edge architecture powering NYSE Liffe in Europe , a platform that handled a record 1 billion futures and options contracts in 2008.”
“NYSE Technologies is very pleased to deliver one of the world’s fastest and most advanced trading engines to NYSE Liffe US ,” said Stanley Young, CEO, NYSE Technologies and co-CIO, NYSE Euronext. “LIFFE CONNECT® has been carefully designed to offer customers the very best in functionality and connectivity alongside ultra-low latency and superior scalability. This platform has performed extremely well for NYSE Liffe in Europe and we look forward to its continued success in serving customers of NYSE Liffe US.”
The LIFFE CONNECT® platform offers robust implied spreading, delta hedging, market making and risk management functionality. Its innovative design and open system architecture allows customers to build or purchase trading applications to suit specific business needs and to integrate those applications into other lines of business and business systems. LIFFE CONNECT® powers NYSE Euronext's global derivatives platforms, NYSE Liffe and NYSE Liffe US and is available to more than 825 client sites in 31 countries.
NYSE Liffe US provides a fully electronic market for 100 oz. gold futures, 5,000 oz. silver futures, options on gold and silver futures, and mini-sized 33.2 oz. gold and 1,000 oz. silver futures. All contracts are traded in U.S. dollars and physically settled in New York. NYSE Liffe US began trading operations in September 2008.
