Based on an agreement signed by both parties on 20 December 2012, the transition process for open positions will take place over the weekend of 29-30 June 2013 subject to various regulatory agencies approval.
ICE Clear Europe president & managing director Paul Swann said that the exchange operator has worked closely with Clearing Members and regulators to ensure a seamless transition to ICE Clear Europe for NYSE Liffe products.
"We are on track and confident of meeting the planned July 1 go-live date and we are appreciative to NYSE Liffe’s customers for their role in planning for the transition," Swann added.
ICE Clear Europe currently provides multi-asset clearing services for energy and credit derivatives and from 1 July will extend its offering to interest rate, fixed income, equity and agricultural commodity derivatives.
NYSE Euronext’s equities markets include the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca trade equities, futures, options, fixed-income and exchange-traded products.
