Liffe Sets Daily Volume Record in Long Gilt Futures, Surpasses 900,000 Daily Contract Mark
LONDON--(BUSINESS WIRE)--
IntercontinentalExchange Group (NYSE: ICE), the leading global network
of exchanges and clearing houses, today announced that Liffe reached a
daily volume record of 905,515 contracts in Long Gilt futures on May 27,
2014. The previous volume record was 815,251 contracts on November 27,
2012.
Year to date, Long Gilt futures have recorded an average daily volume of
169,641 contracts and open interest is currently at 386,634 contracts.
On March 31, 2014, Liffe launched Ultra Long Gilt futures, which have
had a strong start with total volume of 24,819 contracts traded since
launch. Open interest for Ultra Long Gilt futures is at 3,307 lots as at
May 26, 2014.
The Liffe Gilt market provides comprehensive coverage of the UK
sovereign curve, including Short, Medium, Long and Ultra Long Gilt
futures contracts, which provide effective instruments to manage price
risk for UK debt exposure as well as basis trading opportunities across
the curve. Trading activity in the Liffe Gilt market has seen more than
17 million contracts traded since the start of 2014.
The Exchange’s bond derivatives portfolio is soon to be extended with
the launch of German, Swiss, Italian and Spanish government bond
futures. These new products will trade alongside Liffe’s existing
benchmark interest rate contracts, providing Liffe with the most
comprehensive on-exchange interest rate offering across the European
interbank and government yield curves.
With the launch of European government bond futures, Liffe will provide
market participants with significant cross-product margin and capital
efficiencies for interest rates, as well as the facility to execute
block-trades and trade a myriad of government bond strategies, for
example across Bunds and Gilts, Schatz and Euribor, more efficiently and
on a single liquid platform.
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
and http://www.nyx.com/terms-use.
ICE Safe Harbour Statement
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's Securities 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.
SOURCE IntercontinentalExchange
ICE-CORP

Media Contact:
Claire Miller
+44 (0) 20 7065 7745
claire.miller@theice.com
or
Adaora
Anunoby
+44 (0) 20 7429 7147
aanunoby@nyx.com
or
Investor
Contact:
Kelly Loeffler, SVP, Corp. Comm, Marketing and
Investor Relations
IntercontinentalExchange
+1 770 857 4726
kelly.loeffler@theice.com
Source: IntercontinentalExchange Group