Intercontinental Exchange (ICE) has completed the transition of Liffe US futures and options contracts to the ICE futures exchanges, trading platform and clearing infrastructure.
The Liffe US MSCI equity index and precious metal contracts were transitioned to ICE Futures US and ICE Clear US on 30 June 2014, where they trade and clear alongside ICE’s agricultural commodity and Russell index futures and options contracts.
The transition of Liffe US MSCI equity index and precious metal contracts involved the organisation’s global customer base with 500,000 contracts being transferred to ICE Clear US and an additional USD1.9 billion margin transferred to the clearing house for these positions on 30 June 2014.
The following Liffe US interest rate futures were previously transitioned to ICE Futures Europe and ICE Clear Europe on 9 June 2014:
• Three-Month Eurodollar Futures
• US Agency DTCC GCF Repo Index Futures
• US Mortgage-Backed Securities DTCC GCF Repo Index Futures
• US Treasury DTCC GCF Repo Index Futures
The transition of Liffe’s European interest rate, agriculture and equity derivatives markets remains on track to migrate to ICE Futures Europe by the end of 2014. This will centralise ICE’s global interest rate portfolio on one exchange and clearing platform, maximising operational and capital efficiencies for customers. Clearing for the contracts transitioned to ICE Clear Europe one year ago.
