NYSE Liffe launched its US futures exchange with gold and silver contracts on Monday, a move that officially takes parent company NYSE Euronext into the US futures arena. The exchange has its work cut out for it, as trading in the precious metals contracts is only a fraction of that in the competing contracts at the former New York Mercantile Exchange’s Comex division.
NYSE Liffe purchased the Chicago Board of Trade gold and silver futures complex from CME Group in March and will use its existing LiffeConnect platform to continue trading it.
Clearing will also remain at CME’s Clearing House until next spring, when NYSE Liffe will choose a new clearing facility.
On...