NYSE LIFFE TOPS JAPANESE SHORT-TERM INTEREST RATE DERIVATIVES TRADING VENUES

Posted May 18, 2009

NEW YORK – NYSE Liffe, the European-based derivatives business of NYSE Euronext, is now the most popular foreign exchange in Japan for trading short-term interest rate (STIR) derivatives, according to new data for the financial year just ended in March, published by the Financial Futures Association of Japan.

Over 20 million STIR derivatives contracts were traded by Japanese firms on NYSE Liffe, more than on any other foreign exchange, and an increase of 56 percent on the previous fiscal year, according to the data.

NYSE Euronext began an effort last year to work more closely with Japanese customers of NYSE Liffe, according to Garry Jones, Group Executive Vice-President and Head of Global Derivatives. “These latest figures from the Financial Futures Association of Japan suggest this strategy is paying dividends, both in Japan and in the wider Asia-Pacific region,” says Jones.