Thomas Callahan, head of NYSE Liffe US, said the market response to DTCC GCF Repo Index futures is the best the exchange has ever received for a planned product launch.
Speaking to FOWi, Callahan said he was hopeful the new futures contract will be ready to begin trading in April.
In preparation, Harvey Flax was appointed to the newly created position of business manager, GCF Repo Index futures, this week.
Flax will be responsible for leading the launch and development of the new products, which will be trading exclusively on NYSE Liffe US and cleared through...