The Liffe U.S. MSCI equity index and precious metal contracts were successfully transitioned to ICE Futures U.S. and ICE Clear U.S. on June 30, 2014, where they trade and clear alongside ICE’s agricultural commodity and Russell index futures and options contracts.
The transition of Liffe U.S. MSCI equity index and precious metal contracts involved our global customer base with 500,000 contracts being transferred to ICE Clear U.S. and an additional U.S. $1.9 billion margin transferred to the clearing house for these positions on June 30, 2014.
The following Liffe U.S. interest rate futures were previously transitioned to ICE Futures Europe and ICE Clear Europe on June, 9, 2014:
The transition of Liffe’s European interest rate, agriculture and equity derivatives markets remains on track to migrate to ICE Futures Europe by the end of 2014 based on the schedule below. This will centralize ICE’s global interest rate portfolio on one exchange and clearing platform, maximizing operational and capital efficiencies for customers. Clearing for the contracts transitioned to ICE Clear Europe one year ago.
(Coffee, Sugar, Cocoa, Feed Wheat)
(Bonds, Sterling (including mid curves), Swapnote, Euroswiss, 1 month Eonia)
(Euribor, Euro mid-curve, 3 month Eonia)
(Equity indices, single stock futures and options)
The ICE trading platform features state-of-the art technology and functionality, including trading applications such as the WebICE trading front end, ICE mobile, ICE Chat and WhenTech Options Analytics. The transition of Liffe contracts to the ICE platform involves further expanding the ICE trading platform to provide:
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’sSecurities 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.