NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), today announced further enhancements to its Designated Market Maker (DMM) program designed to provide robust and ongoing liquidity to its MSCI-based futures complex. The enhanced DMM program features a new Migration Bonus Pool incentivizing DMMs to provide aggressive two-sided markets in institutional size in the central order book for the June 2011- September 2011 calendar roll. The new program enhancements are intended to provide the highest possible levels of market quality for participants rolling positions from the June 2011 expiry onto the September 2011 contract month. NYSE Liffe U.S. will become the sole U.S. exchange for MSCI index-based futures products effective trade date June 20, 2011 as a result of the delisting from CME of futures based on the MSCI EM and MSCI EAFE indices.
Additionally, the Exchange published a new Wholesale Trader list containing the names and contact information for leading market participants who have expressed an interest in providing liquidity for block trades in the mini MSCI EM and mini MSCI EFAE index futures contracts trading on NYSE Liffe U.S. This list provides additional opportunities for participants interested in transacting block trades to migrate Open Interest across exchanges and complements the central order book liquidity available on the NYSE Liffe U.S. platform
For more information on the upcoming Open Interest migration for MSCI based index futures please visit: http://www.nyseliffeus.com/sites/liffeus.nyx.com/files/mscifaq.pdf
Firm |
Contact |
Number |
|
Credit Suisse |
John Scarnavack |
+1 212 325 7421 |
|
EWT |
Josh Hansen |
+1 310 595 1052 |
|
Goldman Sachs |
Steve Christian |
+1 212 902 3959 |
|
Infinium |
Ryan Sherman |
+1 312 601 7815 |
|
Morgan Stanley |
Hugh Flannery |
+1 312 706 4109 |
|
Sun Trading |
Lance Robinson |
+1 312 924 4730 |
|
Susquehanna |
Index Desk |
+1 610 617 2816 |
|
This list will be updated periodically as NYSE Liffe U.S. adds qualifying firms. Block trading (Rule 423) procedures, rules and the wholesale trader list can be found at www.nyseliffeus.com.
NYSE Liffe U.S. is a global, multi-asset class futures exchange trading a diverse range of products, including the successful Eurodollar and U.S. Treasury interest rate products that have traded approximately 3 million contracts with current end of day Open Interest of over 270,000 contracts since launching in late March. NYSE Liffe U.S. is a partnership with six leading market participants, Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley, and UBS.