NYSE Liffe, the global derivatives business of NYSE Euronext (NYX), announced today that it will launch a range of soft commodity products on its pioneering Bclear (OTC derivatives) service on 30 March. The move further develops Bclear, which was launched in 2005, into a multi-asset class platform. Individual equity and index contracts, and credit default swaps, are already available on Bclear.
Garry Jones, executive director of Business Development and Strategy at NYSE Liffe, said: “Bclear offers advantages to customers who have previously used the over-the-counter market to trade commodities. It keeps the flexibility of OTC trading and it also provides the efficiency of on-exchange administration and processing, together with the security of a central clearing counter-party.”
Bclear will initially offer cash-settled swap futures and options priced against the benchmark Robusta Coffee, Cocoa and White Sugar Contracts already traded on NYSE Liffe. In due course NYSE Liffe will announce details of its plans to expand the range of commodity products available on Bclear including further soft and agricultural commodity swaps and options with flexible maturities.
