Liffe has confirmed that it will launch one month futures contracts on the Euro Overnight Indexed Average (Eonia) and the Sterling Overnight Indexed Average (Sonia), and a three month Eonia Swap Index futures contract in June 2008.
FO Week revealed a week earlier that the London exchange was examining the feasibility of launching the contracts and after a period of market consultation it has now approved the move which is designed to capitalise on existing turbulent market conditions.
Eonia contracts have proved slightly more...