Euronext Liffe has added variance futures to the suite of OTC products offered on its wholesale platform B-Clear.
The contracts, based on a measure of volatility, were due to launch on 18 September.
The variance swap market in Europe has developed mainly between investment banks and hedge funds, Jonathan Seymour, head of equities at the exchange, told FO Week.
He explained that the B-Clear service should suit the variance market well, enabling customers the flexibility...