Becomes Only U.S. Exchange Currently Trading Futures on MSCI International Benchmark Indices
NYSE Liffe U.S. Completes Successful Migration of MSCI Index-Based Futures from CME
New York, June 20, 2011 – NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced that it has successfully migrated futures contracts based on the international flagship MSCI Emerging Markets and MSCI EAFE indices from the Chicago Mercantile Exchange. Upon completion of the June-September roll on Friday, June 17, over 69,700 lots of open interest had been established in the NYSE Liffe U.S. listed contracts, representing approximately 98% of the average open interest on the CME during the month of May, prior to the roll.
“We are extremely pleased with last week’s successful migration of futures on these two global benchmark indices to NYSE Liffe U.S. This migration was a highly complex process, involving coordination with our FCM’s, market makers and end user customers. We are extremely appreciative of the commitment to this broad cross section of market participants in making this transition a success,” said Tom Callahan, CEO, NYSE Liffe U.S. “The planning for this migration began in July 2010, when MSCI announced that they were consolidating US-based licenses onto NYSE Liffe U.S. With the consolidation of liquidity in these contracts on NYSE Liffe U.S. complete, we will now concentrate on accelerating our momentum in developing our world-class family of futures based on MSCI indices.”
In May 2009, NYSE Liffe U.S. signed a license agreement with MSCI to offer a broad suite of domestic and international index futures products built on a range of MSCI equity indices, including style and sector indices as well as flagship MSCI indices like the MSCI Emerging Markets, MSCI EAFE and MSCI BRIC Indices. MSCI calculates over 120,000 equity indices daily as part of a diverse index portfolio including broad and efficient market coverage of U.S. and European equity markets. MSCI indices are recognized and used by leading asset managers around the world.
A unit of NYSE Euronext, NYSE Liffe U.S. has allocated a substantial minority ownership stake to six leading market participants, Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley, and UBS. NYSE Liffe U.S. utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies that has matched more than 3.5 million contracts per day in 2011 year-to-date on the NYSE Liffe European markets. NYSE Liffe U.S. offers a wide variety of global connectivity options allowing members to efficiently transact on the platform in a highly cost-effective manner.
For more information on the NYSE Liffe U.S. index futures portfolio please visit www.nyseliffeus.com/equity-indices
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 Fortune 500. For more information, please visit: http://www.nyx.com.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2010 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 19, 2011 under No. D.11-0333), 2010 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
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 US LLC. Futures contracts on any MSCI 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 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 this security, 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 this security without first contacting MSCI to determine whether MSCI’s permission is required.