NYSE Liffe US, the US futures exchange of NYSE Euronext, has completed the first day of trading in its first three equity index futures products: MSCI USA Mini Index Futures, MSCI Emerg
NYSE Liffe US, the US futures exchange of NYSE Euronext, has completed the first day of trading in its first three equity index futures products: MSCI USA Mini Index Futures, MSCI Emerging Markets Mini Index Futures and MSCI EAFE Mini Index Futures.
On their first day of trading, futures on these three MSCI indices traded a total of 652 contracts on NYSE Liffe US.
Trading on NYSE Liffe US in the futures on MSCI Emerging Markets and MSCI EAFE indices combined totaled 577 contracts, representing approximately 23 per cent of the trading in these contracts across all markets.
‘Less than a year after the launch of NYSE Liffe US, 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,’ says Thomas F. Callahan, NYSE Euronext executive vice president, head of US futures. ‘Our goal has always been to offer products and services across multiple asset classes, enhancing liquidity in the US 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 US 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 US,’ says David Brierwood, chief operating officer, MSCI. ‘We are excited that NYSE Liffe US is using MSCI’s widely followed investable benchmarks to bring index-based products to the futures marketplace.’
The 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.
