Nyse Liffe US’s announcement that it will launch Treasury and Eurodollar futures in the third quarter of 2010 has attracted mixed feelings in the derivatives market. Several market participants have welcomed the exchange’s ambitions to break into Treasury derivatives market, in which the Chicago Mercantile Exchange Group has a majority market share. But they wonder how successful the New York-based exchange will be in challenging the market leader.
The introduction of the contracts is aimed to coincide with the launch of New York Portfolio Clearing, the clearing joint venture between Nyse Liffe US and the Depository Trust Clearing Corporation. The...