Friday December 13 2013
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
IntercontinentalExchange Group has provided an update in relation to the transition of Liffe Administration and Management Limited (Liffe) to ICE Futures Europe. The combination of the two London-based exchanges will create Europe`s leading multi-asset class exchange, offering derivatives contracts on U.S. and European interest rates, single stock and index derivatives, emissions, energy and agricultural commodities.
Upon the successful separation of the Liffe and Euronext businesses, which is expected to take place in the first quarter of 2014, ICE will begin to transition Liffe contracts to the ICE trading platform and to the ICE Futures Europe exchange, starting with agricultural commodity contracts in the summer of 2014. Liffe equity derivatives contracts, including indices and single stock futures and options, and interest rates contracts are expected to transition in the third and fourth quarters, respectively. It is anticipated that the Liffe operations will be fully integrated by the end of 2014.
ICE plans to retain the UK data centre, located in Basildon, Essex and matching engines for Liffe markets will continue to operate from this site. Customers should be able to continue using their existing colocation facilities and SFTI network connections for trading Liffe markets on the ICE platform after transition with no material changes anticipated.
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