This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IntercontinentalExchange Update On Transition Of Liffe To ICE Futures Exchanges And ICE Platform





LONDON, Dec. 12, 2013 /PRNewswire/ --  IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today provided the following update in relation to the transition of Liffe Administration and Management Limited (Liffe) to ICE Futures Europe.  The combination of the two London-based exchanges will create Europe's leading multi-asset class exchange, offering derivatives contracts on U.S. and European interest rates, single stock and index derivatives, emissions, energy and agricultural commodities.

Upon the successful separation of the Liffe and Euronext businesses, which is expected to take place in the first quarter of 2014, ICE will begin to transition Liffe contracts to the ICE trading platform and to the ICE Futures Europe exchange, starting with agricultural commodity contracts in the summer of 2014. Liffe equity derivatives contracts, including indices and single stock futures and options, and interest rates contracts are expected to transition in the third and fourth quarters, respectively.  It is anticipated that the Liffe operations will be fully integrated by the end of 2014.   

ICE plans to retain the UK data centre, located in Basildon, Essex and matching engines for Liffe markets will continue to operate from this site. Customers should be able to continue using their existing colocation facilities and SFTI network connections for trading Liffe markets on the ICE platform after transition with no material changes anticipated.

The transition of Liffe's contracts to ICE Futures Europe involves expanding the functionality of the ICE trading platform to include the pro-rata allocation-based matching algorithm that is an important feature of the short-term interest rate market. The ICE trading platform also offers key improvements such as a comprehensive pre- and post-trade risk management functionality and innovations such as the Interval Price Limit circuit breaker and high frequency messaging policies all of which are currently in place across other ICE markets. All Liffe contracts will be added to ICE's low-cost trading front-end, WebICE, used by thousands of traders around the world.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs