-NYSE Liffe U.S.’s First Equity Index Products-
Futures on MSCI USA, MSCI Emerging Markets and MSCI EAFE Indices Begin Trading on NYSE Liffe U.S.
-Attractive Global Index Exposure with Unique Cost Efficiencies for Investors-
New York, Sept. 9, 2009 – NYSE Liffe U.S., the innovative new U.S. futures exchange of NYSE Euronext (NYX), today announced that on September 8 it completed the first day of trading in its first three equity index futures products: MSCI USA Mini Index Futures (ticker: MUN); MSCI Emerging Markets Mini Index Futures (ticker: MME ); and MSCI EAFE Mini Index Futures (tickers: MFS).
On their first day of trading, futures on these three MSCI indices traded a total of 652 contracts on NYSE Liffe U.S. Trading on NYSE Liffe U.S. in the futures on MSCI Emerging Markets and MSCI EAFE indices combined totaled 577 contracts, representing approximately 23% of the trading in these contracts across all markets.
“Less than a year after the launch of NYSE Liffe U.S., we are extremely pleased to offer our customers our first equity index futures based on the MSCI USA, MSCI Emerging Markets and MSCI EAFE indices,” said Thomas F. Callahan, NYSE Euronext Executive Vice President, Head of U.S. Futures. “Our goal has always been to offer products and services across multiple asset classes, enhancing liquidity in the U.S. futures markets and opening the door to the unique efficiencies and competitive advantages the NYSE Euronext family can provide, like the Futures Incentive Program between NYSE Liffe U.S. and NYSE Arca. These are the first of many MSCI products we plan to introduce in the months ahead.”
“MSCI is proud to have licensed our indices as the basis for these inaugural equity index products trading on NYSE Liffe U.S. ,” said David Brierwood, Chief Operating Officer, MSCI Inc. “We are excited that NYSE Liffe U.S. is using MSCI’s widely followed investable benchmarks to bring index-based products to the futures marketplace.”
As the first products launched under a broad licensing agreement with global index provider MSCI Inc. (NYSE: MXB), these contracts represent NYSE Liffe U.S. ’s initial expansion into a diverse new product base offering investors highly-efficient global equity market exposure. These new futures contracts provide asset managers with efficient hedging and trading tools based on the same MSCI indices already followed by thousands of institutional investors around the world.
NYSE Liffe US launched trading in September 2008 as a fully electronic, liquid 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. NYSE Liffe US utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies. The Options Clearing Corporation (OCC) acts as clearing house for NYSE Liffe US futures contracts tied to MSCI indices, as well as all ETF options and index options trading on NYSE Arca, creating the opportunity for unparalleled margin efficiencies for NYSE Euronext customers.
About MSCI Inc.
MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc. products include indices and portfolio risk and performance analytics for use in managing equity, fixed income and multi-asset class portfolios.
The company’s flagship products are the MSCI International Equity Indices, which include over 120,000 indices calculated daily across more than 70 countries, and the Barra risk models and portfolio analytics, which cover 56 equity and 46 fixed income markets. MSCI Inc. is headquartered in New York , with research and commercial offices around the world. For further information on MSCI, please visit the web site at www.mscibarra.com
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 more than 8,000 listed issues, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca and NYSE Amex -- represent nearly 40 percent of the world's equities trading, 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. 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: www.nyx.com
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Potential users of contracts referred to in this publication should familiarize themselves with the full contract specification of the product concerned and any associated information. MSCI and the MSCI index names are service marks of MSCI Inc. ('MSCI') or its affiliates and have been licensed for use by NYSE Liffe LLC. Futures contracts on any MSCI index ('Index Contracts') are not sponsored, guaranteed or endorsed by MSCI, its affiliates or any other party involved in, or related to, making or compiling such MSCI index. Neither MSCI, its affiliates nor any other party involved in, or related to, making or compiling any MSCI index makes any representations regarding the advisability of investing in such Index Contracts. Neither MSCI, its affiliates nor any other party involved in, or related to, making or compiling any MSCI index makes any warranty, express or implied, or bears any liability as to the results to be obtained by any person or any entity from the use of any such MSCI index or any data included therein. No purchaser, seller or holder of these index futures, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote these index futures without first contacting MSCI to determine whether MSCI's permission is required.