Euronext sets dates for migration to Liffe Connect

Euronext sets dates for migration to Liffe Connect

Euronext is to migrate futures and options contracts traded on its Brussels and Paris markets to the Liffe Connect electronic system on 24 March and 14 April 2003, respectively. At the same time, Brussels will also switch to the Clearing 21 system to clear its derivatives trades.

The Dutch and Portuguese derivatives markets will follow at a later date.

It is anticipated that using a single trading platform will reduce participant connection and capacity costs and help Euronext to cut its technology outlay.

The migration to Liffe Connect and Clearing 21 systems is the latest in a series of moves to create a technologically unified pan-European market that will facilitate cross-border trading among different exchanges in the Euronext zone.

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