Euronext.Liffe ready to launch off-exchange USF trading facility

The facility will be available for 297 USFs – Euronext.Liffe’s version of single-stock futures – by the end of the year, said the exchange, adding that it will be extended to include further contracts on other international stocks next year.

“The facility offers a substantial reduction in counterparty and credit risk not normally available when trading off-exchange,” said Euronext.Liffe.

Euronext.Liffe announced the launch of the new trade matching system in September. At the same time it said it intended to launch a facility for providing institutional customers with tailor-made individual equity options contracts from January. It also aims to have a trade administration and clearing facility for over-the-counter equity derivatives in place by the end of the first quarter 2004. This too will be aimed at institutional traders.

Barry Marshall, chief operating officer of the investment division at Gartmore Investment Management, said “best execution” is an “essential criterion for managing clients’ money”. “The capability to use the match product could become as useful an objective measure of a fund manager’s implementation ability as the possession of a genuine electronic order management system,” he said.

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: