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NYSE Liffe US to launch interest rate futures in Q3
13 May 2010
NYSE Liffe US will list interest rate futures in the third quarter of the year, to coincide with the opening of New York Portfolio Clearing, the joint venture between the exchange and the Depository Trust & Clearing Corporation.
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NYSE
NYPC
fixed income
interest rate futures
DPTCC
NYPC will offer cross-margining between interest rate
derivatives and underlying bonds.
NYSE Liffe US plans to offer futures on the two, five,
10 and 30 year Treasury bonds, as well as a Eurodollar contract. It also plans
to list options on these futures in the fourth quarter.
At the moment the exchange offers futures on precious
metals and on MSCI equity indexes.
It recently announced that it had closed its equity
partnership, in which Citadel Securities, DRW Ventures, Getco, Goldman Sachs,
Morgan Stanley and UBS became investors.