-Supporting trader education and providing cost-effective access for international customers-
NYSE Liffe U.S. Launches Two New Incentive Programs
New York, NY – November 9, 2010 – NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced the launch of two new incentive programs designed to support trader education and offer more cost-effective access to international customers trading 33.2 oz mini-sized gold and 1,000 oz mini-sized silver futures contracts, as well as 100 oz. gold and 5,000 oz. silver futures contracts on NYSE Liffe U.S. The Global FCM Incentive Program (GFIP) and the International Trader Incentive Program (ITIP) are both in effect today.
"Supporting seamless and cost-effective international access to our gold and silver futures contracts is an important part of NYSE Liffe U.S.’ growth strategy and reflects demand for gold and silver futures liquidity throughout the nearly 23 hour daily trading session available on our exchange,” said Jennifer Ropiak, Vice President of Precious Metals Marketing at NYSE Liffe U.S. “The GFIP highlights the collaborative efforts of the Exchange and global FCMs to educate new clients on the benefits of trading precious metals futures on NYSE Liffe U.S. Both the GFIP and the ITIP demonstrate our commitment to supporting our broker partners and continuing to improve the quality of our market.”
The GFIP is structured to provide rebates to Futures Commission Merchants (FCMs) who facilitate trades from clients new to NYSE Liffe U.S. precious metals futures. The GFIP will provide participants benefits for six months.
The ITIP is designed to provide firms and individuals trading from outside of the U.S. free or discounted fees for a six month period when they trade NYSE Liffe U.S. precious metals futures. Initially, ITIP will run through August 2011 and is intended to accelerate the entry of a diverse global pool of traders at proprietary trading firms, arcades, banks and hedge funds into the liquid NYSE Liffe U.S. precious metals suite.
NYSE Liffe U.S. provides a fully electronic market for mini-sized 33.2 oz. gold and 1,000 oz. silver futures, 100 oz. gold futures, 5,000 oz. silver futures, and options on 100 oz. gold and 5,000 oz. silver futures. All contracts are traded in U.S. dollars and physically settled in New York. NYSE Liffe U.S. began trading operations in September 2008.
For more information about NYSE Liffe U.S. precious metals futures contracts, please visit our website at www.nyx.com/metals
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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.
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