Liffe is considering re-launching Sterling Overnight Index (SONIA) and revamped Euro Overnight Index (Eonia) index futures. The potential launch is designed to capitalise on the turbulent market conditions in the Libor market. However, while Liffe is gauging market demand for the product, industry sources are divided about the prospects of success.
FO Week has obtained draft copies of the contracts but it is understood that no decision has yet been made on whether to go ahead with a launch. Under consideration is a one month SONIA-index futures, a one month Eonia-index future as well as...