NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext, today announced that Open Interest in the family of mini MSCI Index futures trading on the exchange surpassed the 100,000 contract milestone. In just 8 weeks since completing the contract migration from CME of contracts based on MSCI Emerging Markets and MSCI EAFE indices, Open Interest in the mini MSCI complex has increased more than 35% to 102,214 as of August 16, 2011.
|
Product |
Open Interest (as of 8/16) |
|
Futures on MSCI EAFE Index |
39,784 |
|
Futures on MSCI Emerging Markets Index |
56,701 |
|
Futures on MSCI Pan-Euro Index |
5,729 |
|
Total |
102,214 |
“With the recent volatility in the international markets, investors are looking for ways to quickly adjust their international equity exposures,” said Cliff Weber, Executive Vice President, Head of Strategy and Product Development, NYSE Liffe U.S. “The dramatic increase in mini MSCI futures Open Interest reflects the growing appeal and acceptance of these contracts linked to well-established MSCI indices as a way to implement those changes.”
As Open Interest has grown, so has trading activity in the contracts. Through August 16, over 140,000 contracts have already traded on NYSE Liffe U.S., more than double the number traded during the same period a year ago. Average daily volume during that period is over 12,000 contracts per day with more than 23,000 contracts traded on August 9 alone.
NYSE Liffe U.S. is the innovative U.S. futures exchange of NYSE Euronext that was launched in September 2008. It offers customers a highly cost-effective platform with various pricing incentives, simplified accessibility and unique customer value, including the innovative New York Portfolio Clearing (NYPC) joint venture with DTCC. Additionally, in March 2010 the exchange sold a substantial minority ownership stake to six leading market participants, Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley and UBS.
For more information and market data, please visit: http://www.nyseliffeus.com
