NYSE Euronex said that the NYSE Liffe US will begin trading Eurodollar futures on 21 March 2011, and will launch 2-year, 5-year and 10-year US Treasury futures along with US Bond and Ultra Bond futures products on 28 March 2011, subject to regulatory filings.
The products will be cleared through NYPC, which has received all the required approvals from the Commodity Futures Trading Commission (CFTC) and the Securities Exchange Commission (SEC).
NYSE Liffe US CEO Thomas Callahan said that the unique combination of these interest-rate products trading on NYSE Liffe US and the clearing efficiencies of NYPC will create an entirely new transaction and risk management paradigm.
Interest-rate futures traded on NYSE Liffe US will benefit from the capital efficiencies of NYPC’s ‘one-pot’ margining which, for the first time ever, will assess margin across fixed income securities, repos and interest rate futures to more accurately capture the actual risk of a clearing member’s portfolio.
In addition, all US Treasury Futures traded on NYSE Liffe US will benefit from the streamlined delivery process allowing for the seamless netting of futures and cash securities.
NYSE Liffe US will become the sole US exchange for MSCI-based index futures products on 17 June 2011, addition to liquid mini-sized gold and silver futures.
