NYSE Liffe, LLC, the new U.S. futures exchange of NYSE Euronext (NYX), the world’s leading and most liquid exchange group, today received approval from the Commodity and Futures Trading Commission (CFTC) of its application to become a Designated Contract Market (DCM). NYSE Euronext will establish its
“We want to thank the CFTC for approving our DCM application less than four months from our initial approach to the Commission,” said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. “We are committed to growing our presence in derivatives markets globally. The
“We are grateful to the CFTC for their support and we look forward to fulfilling the obligations that accompany the CFTC’s designation of NYSE Liffe as a contract market,” said Thomas F. Callahan, NYSE Euronext Executive Vice President, Head of U.S. Futures. “We are working hard to ensure a seamless transition for our clients. We look forward to the launch of NYSE Liffe, and expect that it will quickly become an efficient source of liquidity and price discovery for our 170 NYSE Liffe members and our broad network of global customers.”
NYSE Liffe is implementing a transition plan for precious metals that is designed to minimize the level of change required of market participants. NYSE Liffe will continue to deploy the LIFFE CONNECT(R) trading platform previously used by CBOT.