LONDON--(BUSINESS WIRE)--IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced that NYSE Liffe will launch new European Government Bond futures and Swapnote® futures contracts.
These products, in combination with NYSE Liffe’s existing short-term interest rate contracts, mean that NYSE Liffe now offers the most comprehensive on-exchange interest rate offering in Europe, across both the interbank and government yield curves.
The European Government Bond and Swapnote® futures contracts will be available on the NYSE Liffe trading platform and via Bclear. The contracts will be cleared at ICE Clear Europe, alongside the benchmark Euribor and Euro Swapnote® futures contracts, providing cross margin benefits and capital efficiencies for market participants.
The Exchange expects the following contracts will be available for trading on May 27, 2014, subject to conclusion of regulatory processes:
NYSE Liffe European Government Bond Futures
German Government Bond futures (2, 5, 10 and 30 year contracts)
Swiss Government Bond futures (5 and 10 year contracts)
Italian Government Bond futures (2, 5 and 10 year contracts)
Spanish Government Bond futures (2, 5 and 10 year contracts)
The Exchange expects the following contracts will be available for trading on April 22, 2014, subject to conclusion of regulatory processes:
NYSE Liffe Swapnote® Futures
Swiss Swapnote® futures (2, 5, and 10 year contracts)
Sterling Swapnote® futures (2, 5, 10 and 30 year contracts)
Euro Swapnote® futures (30 year contract)
US Dollar Swapnote® futures (30 year contract)
In the fourth quarter 2014, ICE plans to migrate NYSE Liffe interest rate products to ICE Futures Europe and the ICE trading platform. The migration will consolidate ICE’s global interest rate franchise at ICE Futures Europe and ICE Clear Europe, streamlining technology and capital efficiencies for customers.
About IntercontinentalExchange Group
IntercontinentalExchange Group (NYSE: ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
Trademarks of ICE and/or its affiliates include IntercontinentalExchange, ICE, ICE block design, NYSE Euronext, NYSE, New York Stock Exchange, LIFFE and Euronext. Swapnote® is a registered trademark of ICAP plc and has been licensed for use by LIFFE Administration and Management. Information regarding additional trademarks and intellectual property rights of IntercontinentalExchange Group, Inc. and/or its affiliates is located at https://www.theice.com/terms.jhtml and http://www.nyx.com/terms-use.
ICE Safe Harbour Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.