NYSE Liffe is NYSE Euronext's international derivatives business. The exchange brings together derivatives markets of Amsterdam, Brussels, Lisbon, London and Paris. Customers of NYSE Liffe include banks, pension funds, hedge funds, algorithmic and proprietary traders, and institutional and individual investors.
The London International Financial Futures Exchange (LIFFE), which formed in London in 1982, was acquired by Euronext in 2002. LIFFE was renamed NYSE Liffe following the 2007 merger of Euronext and the NYSE.
NYSE Liffe provides derivatives products on interest rates, bonds, equities, indices, commodities and swaps. Interest rate products provide exposure to bond derivatives, short term interest rates, FX and swaps. The exchange's commodity derivatives include a diverse range of futures and options contracts on cocoa, robusta coffee, corn and more. Equity index derivatives include futures and options contracts on stock indices, including the CAC 40, FTSE 100 and others. Weekly and daily options are also available through NYSE Liffe for short-term trading strategies.
The Universal Trading Platform (UTP), the multi-market exchange platform for all NYSE Euronext markets, including European cash and derivatives markets, is a multi-asset class platform covering all products listed in NYSE Euronext marketplaces. UTP matching engines are at the center of NYSE Euronext's trading architecture, matching orders on a price/time or a pro-rata basis.
In addition to on-exchange trading of derivatives, the exchange offers over-the-counter (OTC) services to its customers. Members of the London market may access Bclear, which processes and clears wholesale derivatives transactions traded OTC. Trades booked through the Bclear facility are cleared by NYSE Euronext's European clearing house, NYSE Liffe Clearing.
NYSE Liffe contracts available via central order books in the derivatives markets of Amsterdam, Brussels, Lisbon and Paris are cleared by LCH.Clearnet SA. Clearing for the London-based derivatives market of NYSE Liffe is supported by ICE Clear Europe.