NYSE Liffe brings futures on FTSE 100 Dividend Index

12 May 2009

NYSE Liffe will introduce a cash-settled future based on the FTSE 100 Dividend Index on Wednesday (May 13).

The dividend index is based on the cumulative value of ordinary gross cash dividends declared by companies in the FTSE 100 index over a year. It is calculated in terms of index points.

The contracts will be available on the London Central Order Book, Liffe Connect and Bclear.

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“A lot of banks have spent a lot of money calculating the cheapest way to collateralise their positions, and they’ve hired some very bright mathematicians to do it. Why would they gamble all of that by using the cheapest clearing house?”

Senior rates players believe fears of a race to the bottom among clearing houses has been overstated.

NYSE Liffe brings futures on FTSE 100 Dividend Index

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