NYSE Liffe

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NYSE Liffe
Founded September 8, 2008
Headquarters New York, NY USA
Key People James J. McNulty, Thomas F. Callahan, Karl D. Cooper
Products Gold & Silver Futures
Web site www.nyx.com/nyseliffe

NYSE Liffe LLC is a U.S.-based futures market that NYSE Euronext launched on Sept. 8, 2008[1] after being approved by the U.S. Commodity Futures Trading Commission as a designated contract market (DCM) on Aug., 21, 2008.[2] The exchange directly competes with CME Group Inc., which owns the New York Mercantile Exchange.[3] Thomas F. Callahan, a former Merrill Lynch executive leads the exchange.[4]

In October of 2008, it was announced that James J. McNulty had been chosen as chairman of the board of NYSE Liffe, LLC, the U.S. futures exchange of NYSE Euronext (NYX).[5]

Contents

Background

NYSE Liffe offers trading in futures on gold and silver, a franchise bought from CME in March of 2008, [6] and eventually add other products to its offerings.[7] CME is expected to continue to provide clearing services for the precious metals complex through the end of the first quarter of 2009. In October 2008, NYSE Liffe announced an agreement with the Options Clearing Corporation to begin clearing trades for them beginning the end of the first quarter of 2009.[8]

In July of 2008 the National Futures Association and NYSE Liffe announced that they had entered into an agreement for NFA to provide regulatory services for NYSE Liffe.[9][10]

History

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Products and Services

Key People

Resources

References

  1. ↑ NYSE Liffe Begins Trading. NYSE Euronext. Retrieved on September 11, 2008.
  2. ↑ NYSE futures exchange picks OCC as clearing house. Reuters. Retrieved on October 14, 2008.
  3. ↑ Press Release. NYSE Euronext. Retrieved on July 17, 2008.
  4. ↑ NYSE Euronext Appoints Thomas F. Callahan Executive Vice President, Head of U.S. Futures Business. NYSE Euronext. Retrieved on September 11, 2008.
  5. ↑ Press Release. NYSE. Retrieved on October 7, 2008.
  6. ↑ CME Agrees to Acquire Nymex, Plans to Sell Metals Complex to NYSE. Securities Industry.com. Retrieved on July 17, 2008.
  7. ↑ NYSE Moving to Boost Competition with CME. Chicago Business. Retrieved on July 17, 2008.
  8. ↑ NYSE Liffe Announces Clearing Relationship with OCC. NYSE Liffe. Retrieved on October 14, 2008.
  9. ↑ NFA and NYSE Enter Into Agreement. Advanced Trading. Retrieved on July 17, 2008.
  10. ↑ Options Clearing Corp. to compete with CME. Crain's Chicago Business. Retrieved on October 14, 2008.
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