NYSE Liffe, the global derivatives business of NYSE Euronext, has announced it will launch a range of soft commodity products on its Bclear OTC derivatives platform on 30 March.
Bclear, which was launched in 2005, is already a multi-asset class platform offering individual equity and index contracts and credit default swaps.
'Bclear offers advantages to customers who have previously used the over-the-counter market to trade commodities,' says Garry Jones, executive director of business development and strategy at NYSE Liffe. 'It keeps the flexibility of OTC trading and it also provides the efficiency of on-exchange administration and processing, together with the security of a central clearing counter-party.'
Bclear will initially offer cash-settled swap futures and options priced against the benchmark robusta coffee, cocoa and white sugar contracts already traded on NYSE Liffe.
In due course NYSE Liffe will announce details of its plans to expand the range of commodity products available on Bclear including further soft and agricultural commodity swaps and options with flexible maturities.