NYSE Liffe’s Robusta Coffee and Cocoa Futures contracts will be added to the Rogers International Commodity Index (RICI) for the first time.
The changes will be implemented during the January roll period, at the end of January 2013.
These new contracts will replace the existing Intercontinental Exchange’s Arabica Coffee and Cocoa contracts and will give NYSE Liffe’s Robusta Coffee and Cocoa contracts weightings of two per cent and one per cent respectively.
The index was designed to meet the need for consistent investing in a broad-based international vehicle; it represents the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy and metals products. The value of this basket is tracked via futures contracts on 37 different exchange traded physical commodities, quoted in five different currencies, (soon to be six with Sterling) listed on 12 exchanges in five countries.
Jim Rogers, chairman of Rogers Holdings and founder of the Rogers International Commodity Index, says: “We’re pleased to include NYSE Liffe’s Robusta Coffee and Cocoa Futures contracts in the Rogers International Commodity Index. We continue to review and maintain the Index to reflect the underlying market, which is a key reason why the RICI is one of the most diverse, stable, and globally successful commodity indices in the market.”
Nicholas Kennedy, head of business development FICC, NYSE Liffe, says: “We are delighted with the decision of the RICI Committee. This inclusion follows that of NYSE Liffe’s Milling Wheat and Rapeseed Futures contracts, which have already been incorporated into the index, and firmly underlines the global benchmark status that our main commodity contracts have within the trading community.”