NYSE Liffe Multi-Serial Options on Euribor Trade over 2 million Lots in 2 months
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), launched multi-serial options on Euribor on January 19 2010, to offer further hedging opportunities to customers, in Euribor options, the world’s leading interest rate options market.
Multi-serial options are long dated non-quarterly delivery months, delivering into quarterly futures.
Since launch, the new Euribor multi-serial options have traded 2.2 million contracts.
The success of Euribor multi-serial options can be put into the context of the overall success of the Euribor options market; average daily turnover is 716,000 contracts in 2010 – a 51% increase on a record 2009 - and open interest currently stands at over 14 million contracts.
Paul MacGregor, director of NYSE Liffe Fixed Income Derivatives, said: “The multi-serial options have quickly added a new trading dimension to a super-liquid market, and their performance has exceeded our expectations.”
