Euronext Liffe's recently launched raw sugar contract has begun with steady, but encouraging volume as it sets out to wrest marketshare away from New York Board of Trade (Nybot).
In the first five days of trading the contract, which launched on 20 February, Liffe saw over 1,000 trades pass through its Connect platform, which compared admirably against Nybot's far more established contract, while thrashing New York Mercantile Exchange (Nymex)'s equivalent contract, which had failed to trade any significant volume in its cash settled complex after...