NYSE Liffe, LLC, the U.S. futures exchange of NYSE Euronext (NYX), today announced the formation of its new Board of Directors, which includes Chairman, James J. McNulty, former Chicago Mercantile Exchange President and CEO, and the following directors: Marshall N. Carter, Deputy Chairman, NYSE Euronext; Hugh Freedberg, Group Executive Vice President and Head of Global Derivatives, NYSE Euronext; Sir Brian Williamson, Director, NYSE Euronext; and Thomas F. Callahan, NYSE Euronext Executive Vice President and Head of U.S. Futures.
“We are creating a new-breed futures exchange that is based on a low overhead, flexible infrastructure and a focus on innovation to create a world class customer experience,” said NYSE Liffe Chairman, McNulty. “Behind the strength and success of the NYSE and Liffe brands and technology, we enter the market with a distinctive vision, an outstanding trading platform and a strong management team. We are intent on transforming the U.S. futures business and on delivering a premier marketplace for our customers.”
“I want to thank Chairman McNulty and my fellow directors for assuming these additional responsibilities and for their commitment to NYSE Liffe,” Mr. Callahan said. “In these volatile times, the need for new and better risk management tools has never been more acute. NYSE Liffe is uniquely positioned to add extraordinary value in U.S. futures by creating new products and services to help our clients more efficiently manage risk. As a new competitor in the U.S. derivatives market, we recognize both the challenges and opportunities before us. We are determined to grow our U.S. business through innovation, while working in close partnership with Liffe to further expand our global derivatives footprint.”
The NYSE Liffe Board of Directors will provide strategic direction for NYSE Liffe, leveraging its considerable international exchange management experience.
NYSE Liffe, which received Designated Contract Market (DCM) status on August 21 and launched on September 8, 2008 , provides a fully transparent, liquid market for 100 oz. gold futures, 5,000 oz. silver futures, options on gold and silver futures, and mini-sized 33.2 oz. gold and 1,000 oz. silver futures. Utilizing the proven LIFFE CONNECT(R) trading platform designed and maintained by NYSE Euronext Advanced Trading Solutions, NYSE Liffe plans to introduce new products in 2009.
For complete bios, please visit: http://www.nyse.com/corpgovernance/1134145027092.html
