-- Expands futures product line --
NYSE Liffe U.S. Launches Options on Mini Gold and Mini Silver Futures Contracts
-- Adds depth and liquidity to precious metals market --
-- Enhances client risk management capabilities --
NEW YORK – February 27, 2012 -- NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), announced that it successfully launched options on its mini-sized gold and mini-sized silver futures contracts. These new options contracts are designed to meet growing customer demand to trade and invest in the precious metals market.
The options on NYSE Liffe U.S. 33.2 oz. mini gold and 1,000 oz. mini silver futures contracts provide traders flexibility by offering multiple trading strategies, enhanced risk management capabilities and added depth and liquidity to the underlying mini gold and mini silver futures market.
"Delivering on customer demand, NYSE Liffe U.S. is now offering customers the opportunity to trade options strategies on the most liquid US based mini metals futures. Customers’ ability to manage risk will be enhanced and they will also be able to take positions based on volatility,” said Jennifer Ropiak, Senior Vice President of Precious Metals Marketing at NYSE Liffe U.S. “Adding these products to our futures platform further complements NYSE Euronext’s multi-asset exchange model with natural trading and hedging strategies in diverse products such as equities, options and exchange-traded products, realizing cost efficiencies and increasing liquidity across our diverse markets.”
All NYSE Liffe U.S. precious metals contracts are traded in U.S. dollars and physically settled in New York or Delaware. For more information about NYSE Liffe U.S. precious metals futures contracts, please visit our website at www.nyseliffeus.com/precious-metals
To learn more about the launch of options on NYSE Liffe U.S. mini precious metals complex and its benefits to customers, please click here: http://www.youtube.com/watch?v=UPlz-9A2Y30&feature=youtu.be
About NYSE Liffe U.S.
A unit of NYSE Euronext, NYSE Liffe U.S. is a joint venture with six leading market participants, Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley, and UBS. It is a global, multi-asset class futures exchange trading a diverse range of products, including Eurodollar and U.S. Treasury interest rate products, a suite of MSCI-based futures and liquid precious metals contracts. Interest rate futures listed on NYSE Liffe U.S. benefit from the powerful operational and capital efficiencies achieved through New York Portfolio Clearing (NYPC). NYPC delivers unique capital efficiencies achieved by calculating margin requirements based on the total risk within a portfolio of both cash bonds and derivatives combined with a streamlined delivery process allowing for the seamless netting of futures and cash securities. NYSE Liffe U.S. utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies that matched more than 4 million contracts per day on the NYSE Liffe markets in Europe in 2011. The exchange offers a wide range of global connectivity options allowing members to transact on the platform in a highly cost-efficient manner.
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.