New York, United States and Paris, France
NYSE Euronext (NYX) has announced that Liffe, the company's international derivatives business, is expanding its presence in Singapore and plans to occupy offices with NYSE TransactTools (TransactTools Singapore Pte. Ltd.), signaling a new phase in the company's business activity in the Asia-Pacific region.
Stefan Ullrich joins Liffe's Singapore office to develop Liffe's business across the region. He has previously represented Eurex in Asia since 1999. He joins Anthony Payne, a proprietary trading business specialist, who has also recently moved from Liffe's London office to Singapore. Messrs. Ullrich and Payne will be co-heading the Liffe Singapore office, which will be co-located with the NYSE TransactTools team that is led by Peter Tierney, NYSE TransactTools Managing Director for Asia-Pacific.
Liffe opened its Singapore office in 2006 to provide a high level of direct service to its growing customer base there. The move followed the previous year's launch of a telecom hub that made it possible for customers in the region to access the Liffe market directly and more inexpensively than before. In 2007 Liffe extended trading hours for its benchmark Euribor futures contract, enabling customers in the Asia-Pacific time zone to trade the Euribor future throughout the Asian trading day.
TransactTools Singapore Pte. Ltd. opened its Singapore office in early 2007, and is involved in a growing number of high-performance trading infrastructure projects with Asian based sell-side and exchange clients. It and NYSE TransactTools are wholly owned subsidiaries of NYSE Euronext and provide financial markets and market participants with an open, low latency, and neutral platform for global trading connectivity that improves liquidity and reduces risk. Earlier this week, NYSE Euronext announced an expanded presence in Japan with the addition of NYSE TransactTools staff in the company's Tokyo office.
Liffe's expanded presence in Singapore comes at a time when its parent, NYSE Euronext, is increasingly focusing on business opportunities throughout Asia. Last year NYSE Euronext acquired a 5 percent stake in the Mumbai-based National Stock Exchange of India, opened an office in Beijing to attract listings on its cash markets, and established a strategic business alliance with the Tokyo Stock Exchange based on a Memorandum of Understanding.
Garry Jones, Liffe Executive Director of Business Development and Strategy, said: "We are expanding in Singapore because we want to be able to offer our Asian customers better access to our existing markets, including fixed income, commodities and equity derivatives. In addition, we hope to broaden participation in our pioneering Bclear service and, with the NYSE TransactTools team, to jointly present our customers with a broader array of offerings from NYSE Euronext. We are giving even more priority to Asian clients in Singapore and South East Asia, as well as those in Japan, China, India and Australia. In the coming months we will be saying more about our next steps in this important region."
Sam Johnson, CEO of NYSE TransactTools and NYSE Euronext Executive Vice President, said: "The expanded NYSE Euronext presence in Singapore and throughout the Asia-Pacific region enables us to better serve our customers and to develop new business opportunities. By working more closely with our Liffe colleagues, we are better positioned to further advance the synergies brought about by the NYSE-Euronext merger and our technology integration initiatives. We will improve efficiencies and leverage our commercial technology offerings to benefit our customers in a number of ways, such as providing greater connectivity to Liffe."
For more information, please contact:
Amsterdam: +31 20 550 4488
Brussels: +32 2 509 1392
Lisbon: +351 217 900 000
London: +44 20 7379 2789
Paris: +33 1 49 27 11 33
Singapore: +65 63 221 410
New York: +212 656 2140
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX)operates the world's largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/EUR 21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/EUR 103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets. NYSE Euronext is part of the S&P 500 and S&P 100 indexes.
About Liffe
Liffe is the international derivatives business of Euronext, a subsidiary of NYSE Euronext. Liffe offers an unrivalled range of global futures and options products, which are made available to customers worldwide on its state-of-the-art trading platform, LIFFE CONNECT(R). Business in derivatives on equities and interest rates, indices and commodities worth over EUR 1,500 billion in total is traded through Liffe every day, making it the world's second largest derivatives exchange, by value of transacted business.
About NYSE TransactTools(SM) and TransactTools Singapore Pte. Ltd.
NYSE TransactTools and TransactTools Singapore Pte. Ltd. are wholly owned subsidiaries of NYSE Euronext (NYSE Euronext:NYX) and provide financial markets and market participants with an open, low latency, and neutral platform for global trading connectivity that improves liquidity and reduces risk. The synergistic high performance environment, software and network facilitate DMA trading and market data dissemination between market centers, traders and third party service providers. Firms can access liquidity globally through a single technology platform with extremely low latency. The combination of the SFTI connectivity backbone with the transaction management capabilities of TCM6, provides a flexible platform for services from the physical layer up through message routing and translation, monitoring, configuration and market data dissemination. Providing core technology to 17 of the 20 largest securities firms in the world, in addition to providing communications infrastructure to hundreds of other firms, NYSE TransactTools is the leading provider of connectivity for the largest global liquidity pool. For more information, visit www.nyse.com/transacttools.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext's reference document for 2006 ("document de reference") filed with the French Autorite des Marches Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorite des Marches Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Source: Business Wire (Business Wire India)