IntercontinentalExchange Group (NYSE: ICE), the leading global network
of exchanges and clearing houses, today provided an update on the first
week of trading for 30 Year Ultra Long Gilt futures listed on Liffe. The
contract launched on March 31, 2014 with strong first week volumes of
9,214 contracts traded and open interest of 2,634 as at April 4, 2014.
The Ultra Long Gilt future complements Liffe’s benchmark 10 Year Long
Gilt futures contract and together, they provide opportunities to trade
the basis across the UK sovereign yield curve.
David Peniket, President & COO, Liffe and ICE Futures Europe said: “We
would like to thank UK Gilt market participants for supporting this
product launch, which is the first of many new products. The early
participation in the Ultra Long Gilt market demonstrates the importance
of having a full range of maturities to manage risk in the UK debt
International interest in UK Gilts has continued to grow with UK
conventional bonds exceeding £1 trillion1 in notional amount
outstanding as at March 2014. Gilts with more than 25 years remaining to
maturity have over £200bn notional outstanding; Liffe Ultra Long Gilt
futures will help participants manage their risk exposure to longer
dated UK debt.
The 10 year Long Gilt futures contract, which was established in 1982,
has seen significant and consistent annual growth, with an average daily
volume in 2013 up 12% on 2012, at over 165,000 contracts.
1Debt Management Office (DMO) — Gilts in Issue 25 March 2014
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. 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
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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
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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.
Source: IntercontinentalExchange Group