New York , July 12, 2010 - NYSE Liffe U.S. , the U.S. futures exchange of NYSE Euronext (NYX), today announced that it will coordinate with its global customer base to complete the orderly transition of trading and open interest of all existing MSCI-linked stock index futures in the U.S. to its platform no later than June 17, 2011. Earlier today, MSCI announced that other contracts listed in the U.S. under its existing licenses are expected to cease trading on that date. To ensure the transition is effective, NYSE Liffe U.S. will begin working with market participants immediately.
"Listing of futures based on MSCI's EAFE and EM Indices is part of our plan to be the premier venue for customers to access a diverse global equity product offering based on the well-known MSCI family of indices. In the coming months, we will continue to expand our offering by introducing additional contracts based on MSCI indices," said Thomas F. Callahan, CEO, NYSE Liffe U.S. "We anticipate that customers who need to move open interest onto our exchange will want to begin that process well in advance of the June 2011 deadline and we'll be working closely with these firms to support them throughout the process. Our goal is to build a unique exchange with exceptional liquidity, technology and service to our global customers."
In May 2009, NYSE Liffe U.S. signed a license agreement with MSCI to offer a broad suite of domestic and international index futures products built on a range of MSCI equity indices. These indices include style and sector exposures as well as flagship MSCI indices like the MSCI Emerging Markets (EM), MSCI EAFE and MSCI BRIC Indices. MSCI calculates over 120,000 equity indices daily as part of a diverse index portfolio including broad and efficient market coverage of U.S. and European equity markets. MSCI indices are recognized and used by leading asset managers around the world.
A unit of NYSE Euronext, NYSE Liffe U.S. recently 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. NYSE Liffe U.S. utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies that has matched more than 3 million contracts per day in 2010 year-to-date on the NYSE Liffe European markets. NYSE Liffe U.S. offers a wide variety of global connectivity options allowing members to efficiently transact on the platform in a highly cost-effective manner.
For more information on licenses for these indices please see MSCI's announcement at http://www.mscibarra.com/products/indices/licd/changes_to_ licensees_for_futures_contracts.html and the NYSE Liffe U.S. website at www.nyse.com/nyseliffeus
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.