Liffe stock options

NYSE Liffe is the global derivatives business of the former NYSE Stockand is now part of the Intercontinental Exchange Group Inc. ICE purchased the parent company of NYSE Liffe, NYSE Euronext in November As NYSE Liffe, it comprised the derivatives futures and options on futures business of NYSE EuronextN. NYSE Liffe was the name given to the exchange previously known as LIFFEwhich was acquired by Euronext in After that acquisition, Euronext consolidated all stock its derivatives trading operations under the "Euronext.

All futures and options on futures trading - which includes such product areas as short-term interest rate and swap products, bondsequity optionsstock stockcommodity and FX instruments - are transacted on a single electronic liffe platformLIFFE CONNECTliffe central margining and clearing provided by ICE Clear Europe. Liffe originally "LIFFE," the acronym for the London International Financial Futures Exchangewas formed in London in Following mergers with the London Traded Options Market LTOM and the London Commodity Exchange LCELiffe added equity options and a range of soft and agricultural commodity products to its existing financial mix.

Trading on Options, as on other futures exchanges, was originally conducted by open outcry with each product traded in a designated trading pit. In Liffe embarked on a course that transfered all of its futures and options from the traditional method of trading to an electronic platform known as LIFFE CONNECT. By it among among the top three futures and options exchanges in volume globally.

LIFFE was acquired by Euronext in and re-named Euronext. Euronext was in turn acquired by the New York Stock Exchange on Apr.

In Julyall NYSE Liffe clearing options were switched from LCH. Clearnet to Options Clear Europe. Liffe created Bclear in as the on-exchange administration and clearing service for equity and commodity derivatives.

Users can register OTC business as an exchange contract for futures and options on European and US blue-chip liffe mid-cap stocks and indices as well as Variance Futures on the FTSECAC 40 and AEX liffe. This was created to reduce the counter-party credit, legal and operational risks associated with OTC deals. Bclear enables registration of both "standard exchange" and "flexible" trades in futures and options, allowing customers to execute their business in one single place at a much lower cost.

As of AprilBclear has cleared over a billion contracts and [5]. NYSE Euronext became the first exchange to clear credit default swaps, in Decemberon the Bclear platform when they launched credit default swap index contracts. Clearnet and futures market Liffe, had yet to execute a single trade, despite expectation that banks would use the system following regulatory pressure to pare risk in the market.

One set of trading rules covers all interest rate products. For certain product groups opening hours have been extended to cover additional time zones. Bond Derivatives Of the three bond derivatives products offered by Liffe, Long Gilt futures and Long Gilt options are stock most active liffe. A Japanese Government Bond JGB stock contract also is listed for trading on Liffe.

Swapnote Futures and Options A Swapnote is a bond futures contract referenced to the swap market. Exchange-traded, centrally cleared and cash settled, it can be viewed as a bond futures contract that is priced in line with the euro swap curve. Swapnotes are used as a mechanism for hedging longer-dated non-government yields. The 2-year, 5-year and year euro-denominated products are most active of the Swapnote grouping. ICAP plc Swapnote is a registered trademark of ICAP plc and has been licensed for use by Liffe.

Swapnote products include both liffe and euro-denominated two-year, five-year, and ten-year futures and options. On April 3,Intercontinental Exchange Group announced that NYSE Liffe would launch European Options Bond futures and Swapnote futures contracts. The exchange said it expects the following contracts will be available for trading on May 27,subject to regulatory approval: Of the long list of offerings in index derivatives traded on Liffe, the three most active include: Liffe commodity futures and options cover softs and other agricultural products, with most trading volume concentrated in cocoa, coffee and sugar.

Commodity products include futures and options on: Liffe offers trading in a limited number of currency futures and options products, based on U. Liffe lists stock options also known as individual equity options on more than leading European companies. More than single stock futures are traded through Liffe. Originally, LIFFE listed aboutbut with the consolidation of Amsterdam, Options, Brussels, Lisbon and London derivatives markets, that number nearly tripled.

As of stock, equities from 21 countries are available to trade on the firm's platforms. Tracker Options Trackers replicate the performance of an index offer physical delivery of the shares on which they are options the underlying and have American-style liffe. LIFFEdata is the umbrella brand under which Liffe distributes all market data and price information associated with its products.

This encompasses real-time, delayed and historical data. Published May 10, NYSE Liffe Founded Headquarters London Key People Finbarr HutchesonCo-CEO, NYSE Liffe U. Products Futures and options Website www.

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LIFFE MOVE TO CANNON BRIDGE