Italy's MIF Connected to Euro Globex®, Members Gain Access to ParisBourseSBF SA Euribor Contract

Members of Italy's MIF (Mercato Italiano Futures) have direct access to the 3-month Euribor futures contract through the Euro Globex® Alliance whose members now include ParisBourseSBF SA in France, MEFF Renta Fija in Spain and MIF in Italy. Ten MIF members, among them most of the Italian banks trading Euribor, have already been licenced to operate as Euro Globex® traders. Traders of ParisBourseSBF SA interest-rate futures and options will be cleared through Cassa di Compensazione e Garanzia S.p.A. The regulatory authorities for Cassa di Compensazione e Garanzia S.p.A. and the French clearing house, ClearnetSBF SA are now finalizing an agreement on the exchange of information. Like members of MEFF Renta Fija since February 5, MIF members will add to the liquidity of the Euribor contract from their existing workstations linked to the NSC trading system operated by ParisBourseSBF SA. Euro Globex® is an open European partnership between French, Italian, Spanish and Portuguese derivative markets.