-Rebates for Customers Trading Gold & Silver ETPs and Futures on NYSE Euronext Exchanges-
NYSE Liffe US Announces Innovative Futures Incentive Program
New York, April 1, 2009 – NYSE Liffe US, the U.S. futures exchange of NYSE Euronext (NYX), today announced that it has launched an innovative new pricing program designed to decrease the cost of trading between NYSE Liffe US and NYSE Arca. The Futures Incentive Program, or “FIP” offers customers trading gold and silver based exchange-traded products on NYSE Arca a significant rebate for gold and silver futures contracts traded on NYSE Liffe US.
“We are extremely excited to present our customers with an innovative pricing plan that rewards their trading on our diverse family of exchanges,” said Thomas F. Callahan, NYSE Euronext Executive Vice President and Head of U.S. Futures. “Individually, the benefits of trading on NYSE Liffe US and NYSE Arca are impressive, and through the Futures Incentive Program we are proactively creating avenues to ensure that our customers continue to see the benefits of trading with NYSE Euronext.”
“NYSE Arca has been a leader in listing and trading exchange traded products. With three successful fund-like products which track a single metal, we are the primary market for many of the world’s most actively traded precious metals-based products,” said Lisa Dallmer, Senior Vice President, Global Index and Exchange Traded Products. “By coordinating with NYSE Liffe US, we can offer a growing segment of customers a truly unique advantage to trading with NYSE Euronext and our multi-asset exchanges.”
The Futures Incentive Program is open to all NYSE Liffe US customers who also trade over 300,000 shares per month in certain precious metals exchange traded products on NYSE Arca. Customers are eligible for a rebate of $0.40 per futures contract and $0.20 per side of the spread forfull-size and mini Gold or Silver futures contracts on NYSE Liffe US. The applicable NYSE Arca exchange traded product listings are as follows: SPDR Gold Shares (GLD), iShares Gold Trust (IAU), iShares Silver Trust (SLV). The program will begin as three-month pilot but will be extended based on client demand.
NYSE Liffe US provides a fully electronic 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. All contracts are traded in U.S. dollars and physically settled in New York. NYSE Liffe US began trading operations in September 2008.
For more information on the FIP, please visit: http://www.nyse.com/pdfs/nyseliffe200910.pdf
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
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