NYSE Liffe, LLC, the new U.S. futures exchange of NYSE Euronext (NYX) today announced that it successfully completed its first day of operation on Monday, September 8, with trading in 100 oz. gold futures, 5,000 oz. silver futures, options on gold and silver futures, and mini-sized 33.2 oz. gold and 1,000 oz. silver futures. These products were successfully transitioned from the Chicago Board of Trade (CBOT) to NYSE Liffe over the weekend.
"By adding NYSE Liffe to the already strong global derivatives operations of NYSE Euronext, we have further enhanced our position as the world’s foremost multi-asset global exchange group," said Hugh Freedberg, Group executive vice president and head of Global Derivatives, NYSE Euronext. "Through our globally distributed, best-in-class technology, diverse product range, and innovative product development efforts, we will provide our global customers and investors with exceptional service and market quality."
"NYSE Liffe is open for business with over 180 member firms and a global network of active customers," said Thomas F. Callahan, NYSE Euronext executive vice president, head of U.S. Futures. "This milestone is an important first step for our exchange as we partner with our clients to build a highly competitive and innovative U.S. Futures platform."
NYSE Liffe will continue to deploy the LIFFE CONNECT(R) trading platform previously used by CBOT. CME will provide clearing services for precious metals through the first quarter of 2009. In addition, certain operational functions and market surveillance activities will be outsourced to Liffe and the National Futures Association (NFA).