The European derivatives division of NYSE Euronext, NYSE Liffe, has introduced stock futures on Canadian and South African stocks to its trade administration and clearing service, Bclear.
The NYSE Liffe is the only exchange in Europe now offering futures on Canadian and South African stocks in their domestic currencies, it says.
The launch is part of the exchange’s effort to widen its scope by covering more developed and emerging equity markets. The exchange says that geographical expansion of the Bclear product range means that its clients can now trade futures on over 1,250 large and mid-cap stocks denominated in 12 currencies.
“Our trading community requires a platform where more of the world’s developed and developing markets are available under one venue,” said Ade Cordell, executive director, head of equity derivatives at the NYSE Euronext.
“With the expansion of NYSE Liffe’s Bclear facility, via the inclusion of underlyings from Canada and South Africa, we are supporting our customers evolving trading needs, as well as improving the visibility of untapped underlying stocks for our institutional investor base,” Cordell added.