NYSE LIFFE LAUNCHES TRADING OF PRECIOUS METALS FUTURES

Posted September 9, 2008

NEW YORK – NYSE Liffe LLC, the new US futures exchange of NYSE Euronext, launched September 8 with trading 100-ounce gold futures, 5,000-ounce silver futures, options on gold and silver futures, and mini-sized 33.2-ounce gold and 1,000-ounce silver futures, transitioning those products from the Chicago Board of Trade (CBOT).

“By adding NYSE Liffe to the already strong global derivatives operations of NYSE Euronext, we have further enhanced our position as the world’s foremost multi-asset global exchange group,” says Hugh Freedberg, Group Executive Vice President and Head of Global Derivatives, NYSE Euronext. “Through our globally distributed, best-in-class technology, diverse product range, and innovative product development efforts, we will provide our global customers and investors with exceptional service and market quality.”

NYSE Liffe is continuing to use the LIFFE Connect trading platform previously used by the CBOT for these futures. The Chicago Mercantile Exchange (CME) will provide clearing services for precious metals trading through the first quarter of 2009. Certain operational functions and market surveillance activities will be outsourced to Liffe and the National Futures Association.

“NYSE Liffe is open for business with over 180 member firms and a global network of active customers,” says Thomas F. Callahan, Executive Vice President and Head of US Futures at NYSE Euronext. “This milestone is an important first step for our exchange as we partner with our clients to build a highly competitive and innovative US futures platform.”