Neue Eurodollar und Bond Futures ab 21.03.11
An der Nyse Liffe Terminbörse - vermutlich künftiger Partner der Eurex - werden neue Zinsfutures in Konkurrenz zur CME/CBT eingeführt
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NYSE Liffe U.S. To Launch Interest Rate Futures On March 21 And March 28 - Eurodollar Futures Debut On NYSE Liffe U.S. March 21, U.S. Treasury Futures On March 28 - Bringing Innovation, Competition And Unique Value To Global Futures Market Participants
(02.03.11) - NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced launch dates for U.S. Treasury and Eurodollar futures products to coincide with the launch of New York Portfolio Clearing (NYPC), the innovative new clearing joint venture with The Depository Trust & Clearing Corporation (DTCC). NYSE Liffe U.S. will begin trading Eurodollar futures on March 21, 2011, and will launch 2-year, 5-year and 10-year U.S. Treasury futures along with U.S. Bond and Ultra Bond futures products on March 28, 2011, subject to regulatory filings. These products will be cleared through NYPC, which has received all the required approvals from the Commodity Futures Trading Commission (CFTC) and the Securities Exchange Commission (SEC).
“As a result of the tremendous efforts of the NYSE Liffe U.S., DTCC and NYPC teams, we are thrilled to have received the final approvals necessary to offer this compelling and highly competitive choice to global market participants. The unique combination of these interest-rate products trading on NYSE Liffe U.S. and the clearing efficiencies of NYPC will create an entirely new transaction and risk management paradigm,” said Thomas F. Callahan, CEO, NYSE Liffe U.S. “We thank the CFTC and SEC for their coordinated and thorough review of New York Portfolio Clearing.”
Interest-rate futures traded on NYSE Liffe U.S. will benefit from the powerful capital efficiencies of NYPC’s ‘one-pot’ margining which, for the first time ever, will assess margin across fixed income securities, repos and interest rate futures to more accurately capture the actual risk of a clearing member’s portfolio. Additionally, all U.S. Treasury Futures traded on NYSE Liffe U.S. will benefit from an innovative, streamlined delivery process allowing for the seamless netting of futures and cash securities. These innovations provide unique benefits to global futures market participants by reducing the cost, complexity and risk inherent in the traditional trading and clearing model.
"We thank our members and clients for their unwavering commitment as we have worked in partnership toward planning this revolutionary cross-platform launch,” said Lynn Martin, Chief Operating Officer of NYSE Liffe U.S. “We are excited to bring real competition and choice to the U.S. futures market through this one-of-a-kind service.”
NYSE Liffe U.S. is a global, multi-asset class futures exchange. In addition to liquid mini-sized gold and silver futures, NYSE Liffe U.S. will become the sole U.S. exchange for MSCI-based index futures products on June 17, 2011. On or before this date, futures on two of MSCI's most widely tracked global benchmarks, MSCI Emerging Markets and MSCI EAFE, will cease trading on CME and migrate to NYSE Liffe U.S.
