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NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX), today announced it has achieved major milestones for its award-winning suite of Futures on DTCC GCF Repo Index® (“GCF Repo futures”). Since the launch of GCF Repo futures on July 16, 2012, NYSE Liffe U.S. has traded nearly 500K contracts as a result of rapid growth in volume, Open Interest and activity from global interest rate market participants.
“We are thrilled about the growth of GCF Repo futures, which underscores the significance of product innovation in the U.S. futures industry,” commented Tom Callahan, CEO of NYSE Liffe U.S. “We are extremely grateful to our customers for being instrumental in the success of the Futures on DTCC GCF Repo Index® Products and look forward to continuing to innovate and provide useful risk management tools to our global customer base.”
GCF Repo futures provide liquidity, transparency and flexibility via established market quality in the Exchange’s electronic central order book, supplemented by customer friendly wholesale trading facilities. The GCF Repo futures product suite has recently joined NYSE Liffe U.S. Eurodollar and U.S. Treasury futures complex in the innovative single pot risk methodology provided by New York Portfolio Clearing (NYPC), allowing users to benefit from significant capital efficiency vs. underlying repo and cash market positions.
As the underlying DTCC GCF Repo Index® continues to establish itself as a new benchmark at the short end of the U.S. yield curve, the base of market users of the new and innovative products continues to expand featuring active participation from major financing desks, global asset managers, leveraged funds and proprietary trading firms embracing GCF Repo futures for their diverse investment and risk management needs.
NYSE Liffe U.S. futures on the DTCC GCF Repo Index® are celebrating their six month anniversary with new records on January 15th:
New record daily volume for Futures on DTCC GCF Repo Index® Treasury contract: 13,969
New record daily volume for Futures on DTCC GCF Repo Index® Products suite: 14,119
Record Open Interest for Futures on DTCC GCF Repo Index® Treasury contract: 56,285
Record Open Interest for Futures on DTCC GCF Repo Index® Products suite: 58,461
