E*TRADE Securities customers can now trade NYSE Liffe U.S. mini-sized gold and mini-sized silver futures
E*TRADE and NYSE Liffe U.S. Provide Futures Market Connectivity and Education Initiatives to Individual Investors
New York, November 17, 2010 – NYSE Liffe U.S., the U.S. based futures exchange of NYSE Euronext (NYX), today announced that E*TRADE Securities, LLC, has added the NYSE Liffe U.S. 33.2 oz. mini-sized gold and 1,000 oz. mini-sized silver contracts to its futures trading offerings.
In addition to the ability to trade more than 200 products spanning agriculturals, currencies, energies, indexes, metals, and softs, E*TRADE Securities customers can now trade physically deliverable 33.2 oz. mini-sized and 100 oz. gold futures, 1,000 oz. mini-sized and 5,000 oz. silver futures as well as options on gold and silver futures in the fully electronic and transparent markets of NYSE Liffe U.S.
In collaboration with E*TRADE, NYSE Liffe U.S. will also leverage NYSE Euronext’s expertise across cash and derivatives trading to provide unique educational opportunities about products traded on NYSE Euronext markets. The first E*TRADE Investor Education Day to feature NYSE Euronext product experts will be held on Saturday, Dec. 11, 2010 in Philadelphia, PA.
“With the growing popularity of trading mini gold and mini silver futures contracts on NYSE Liffe U.S., we are pleased that E*TRADE selected our products for the expansion of its innovative offering,” said Thomas F. Callahan, CEO, NYSE Liffe U.S. “This new relationship also represents a key milestone for our business by offering even broader access to individual investors who want to trade these asset classes.”
Christopher Larkin, Senior Vice President of E*TRADE Securities commented, “We are delighted to offer our customers access to the products and professional expertise of NYSE Liffe U.S. Their mini-sized metals products help to expand our futures product line up to more than 200. We look forward to working with NYSE Liffe U.S. to deliver insights and education opportunities to our customers.”
Delivering access to every major futures market, E*TRADE futures trading is available 24 x 6 via E*TRADE Securities’ professional-grade, no-fee futures trading platform with low, flat commission pricing, supported by the company’s dedicated futures trading service team.
NYSE Liffe U.S. provides a fully electronic market for 33.2 oz. mini-sized gold and 1,000 oz. mini-sized 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 atwww.nyx.com/metals
The E*TRADE FINANCIAL family of companies provides financial services including online brokerage and related banking products and services to retail investors. Specific business segments include Trading and Investing, and Balance Sheet Management. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries. ETFC-G
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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