Liffe to launch commodities on Bclear
Liffe, the international derivatives business of Euronext, has announced that it will launch a range of soft and agricultural commodities on its Bclear OTC derivatives platform in the first quarter of 2009.
Bclear was launched in 2005, and is used to book, process and clear trades through the exchange and clearing house. It will initially offer cash-settled swap futures and options priced against the benchmark robusta coffee, cocoa and white sugar contracts already traded on Liffe.
Garry Jones, executive director of business development and strategy at Liffe, says that B-Clear reduces operational risk and will help to manage counterparty credit risk in the OTC softs and ags market.
Liffe plans to
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