The New York Board of Trade’s (Nybot) financial futures contracts will be rolled out electronically during April, according to its parent company, the Atlanta-based Intercontinental Exchange (Ice).Futures on Nybot’s US dollar index, foreign exchange and other equity and commodity indexes will be rolled out after a trial period beginning on March 16. The exact launch date in April will be finalised soon.
Bringing Nybot’s financial futures contracts onto Ice’s electronic platform will put them into direct competition with other electronic markets, such as the Chicago Mercantile Exchange’s Globex and the New York-based International Securities Exchange.
The announcement follows the start of electronic trading of Nybot’s major soft commodity contracts on February 2. Since then, around 30% of daily volume in these contracts has been traded electronically. The sugar, cotton, coffee, cocoa and frozen concentrated orange juice contracts were scheduled to come online from January 19, but were delayed.
More on Exchanges
Significant global players not on list to join Shanghai Clearing House
Taiex futures set to be followed by other products
New equity options on two exchanges
A collection of articles concerning exchanges in Asia
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.