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July 15, 2008
For more information contact:
Larry Dyekman (312) 781-1372 (NFA), email@example.com
Eric Ryan +1 (212) 656 2411 (NYSE Euronext) firstname.lastname@example.org
James Dunseath +44 (0) 20 7379 2789 (NYSE Euronext) email@example.com
National Futures Association to provide regulatory services for NYSE Liffe futures exchange
July 15, 2008, Chicago and New York - National Futures Association (NFA) and NYSE Liffe LLC, a wholly owned subsidiary of NYSE Euronext, today announced that they have entered into an agreement for NFA to provide regulatory services for NYSE Euronext's U.S. futures exchange, NYSE Liffe.
NYSE Euronext anticipates that the CFTC will designate NYSE Liffe as a contract market in the third quarter of 2008. Once designation is achieved, the CBOT precious metals complex will be transitioned from CBOT to NYSE Liffe as quickly as possible, and NFA's regulatory services will commence.
NYSE Liffe will continue to use the existing trading platform, which is powered by LIFFE CONNECT® technology, and CME will continue to provide clearing services for the precious metals complex through the end of the first quarter of 2009.
NFA will perform an extensive range of trade practice and market surveillance activities for NYSE Liffe, including processing membership applications, making use of Large Trade Position Reports and other tools to monitor position concentration, and, in consultation with NYSE Liffe's Chief Regulatory Officer, providing a variety of other regulatory services that may be necessary.
Thomas F. Callahan, Executive Vice President, Head of NYSE Liffe said: "NYSE Liffe is delighted to have entered into a regulatory services agreement with the National Futures Association to provide our US futures exchange with the highest levels of post trade market surveillance and trade practice services."
"NFA is looking forward to providing these services for NYSE Liffe," said NFA President Daniel J. Roth. "This is another opportunity for NFA to utilize its unparalleled regulatory expertise and market surveillance systems in the futures industry."
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets. Learn more about NFA at www.nfa.futures.org.
About NYSE Euronext
NYSE Euronext (NYX) operates the world's leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $28.5 / 18.4€ trillion (as of May 31, 2008), in total global market capitalization more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately 157.5 /103.4 billion (as of May 31, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.