London, Tuesday 11 January, 2011 – NYSE Euronext, today announced that its Milling Wheat Futures Contract has been added to the benchmark Rogers International Commodity Index® (RICI®) for the first time. The index gives NYSE Liffe’s Milling Wheat a weight of 1%. NYSE Liffe’s Milling Wheat Futures is the second NYSE Liffe contract to join the index. The Rapeseed Futures contract was added to the RICI® index in January last year.
The index, which is designed to meet a growing demand for investment in commodities, represents the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy and metals products. The value of this basket is tracked via futures contracts on 38 different exchange-traded physical commodities, quoted in five different currencies, listed on twelve exchanges in five countries.
Jim Rogers, Chairman of Rogers Holdings and founder of the Rogers International Commodity Index®, said: “We’re pleased to include the NYSE Liffe Milling Wheat Futures in the Rogers International Commodity Index®. We continue to review and maintain the Index to reflect the underlying market, which is a key reason why the RICI® is one of the most diverse, stable, and successful commodity indices in the market.”
Ian Dudden, Director, Commodity Derivatives, said: “We’re delighted that the RICI® Committee has including our Milling Wheat Futures in the index. Its decision reflects the fact that NYSE Liffe’s Milling Wheat Futures contract has now established itself as a global benchmark for the European wheat price. We saw record-breaking volumes in the contract in 2010 after prices soared following the drought and fires in eastern Europe last summer. We expect that volumes will grow further this year, as awareness of the contract continues to grow. Inclusion within the RICI® Index will undoubtedly help this process.”