NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX) today announced the successful completion of the first week of trading in futures based on the DTCC GCF Repo IndexTM. In the first full week of trading, NYSE Liffe U.S. executed 19,959 contracts, valued at approximately $100 billion with 10,980 lots of open interest by week end. The new market featured participation from a diverse customer base from go-live with all transactions processed and cleared seamlessly throughout the first week of trading.
“We are extremely encouraged by the industry’s positive reception to the launch of our futures on the DTCC GCF Repo Index. The strong initial volume, widespread client participation, rapid growth of open interest and mature market quality across these products in only their first week of trading shows their promise as a new, reliable short-term interest rate benchmark,” said Tom Callahan, CEO, NYSE Liffe U.S. “With this successful launch, NYSE Liffe U.S. and DTCC have again partnered to bring the marketplace an innovative risk-management tool based on real transactions in a highly transparent market. We are grateful to our clients for their enthusiastic support and we look forward to continuing to demonstrate the benefits of GCF futures on NYSE Liffe U.S.”
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. Futures on the DTCC GCF Repo IndexTMare 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/GCF and index information here on http://www.dtcc.com.
Video for Futures on DTCC GCF Repo IndexTM: http://www.youtube.com/watch?v=PtwZREDHI0s
