NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced that it has successfully migrated futures contracts based on the international flagship MSCI Emerging Markets and MSCI EAFE indices from the Chicago Mercantile Exchange. Upon completion of the June-September roll on Friday, June 17, over 69,700 lots of open interest had been established in the NYSE Liffe U.S. listed contracts, representing approximately 98% of the average open interest on the CME during the month of May, prior to the roll.
“We are extremely pleased with last week’s successful migration of futures on these two global benchmark indices to NYSE Liffe U.S. This migration was a highly complex process, involving coordination with our FCM’s, market makers and end user customers. We are extremely appreciative of the commitment to this broad cross section of market participants in making this transition a success,” said Tom Callahan, CEO, NYSE Liffe U.S. “The planning for this migration began in July 2010, when MSCI announced that they were consolidating US-based licenses onto NYSE Liffe U.S. With the consolidation of liquidity in these contracts on NYSE Liffe U.S. complete, we will now concentrate on accelerating our momentum in developing our world-class family of futures based on MSCI indices.”
In May 2009, NYSE Liffe U.S. signed a license agreement with MSCI to offer a broad suite of domestic and international index futures products built on a range of MSCI equity indices, including style and sector indices as well as flagship MSCI indices like the MSCI Emerging Markets, MSCI EAFE and MSCI BRIC Indices. MSCI calculates over 120,000 equity indices daily as part of a diverse index portfolio including broad and efficient market coverage of U.S. and European equity markets. MSCI indices are recognized and used by leading asset managers around the world.
A unit of NYSE Euronext, NYSE Liffe U.S. has allocated a substantial minority ownership stake to six leading market participants, Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley, and UBS. NYSE Liffe U.S. utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies that has matched more than 3.5 million contracts per day in 2011 year-to-date on the NYSE Liffe European markets. NYSE Liffe U.S.offers a wide variety of global connectivity options allowing members to efficiently transact on the platform in a highly cost-effective manner.
For more information on the NYSE Liffe U.S. index futures portfolio please visit www.nyseliffeus.com/equity-indices