Eurodollar on Liffe Connect exceeds expectations


LIFFE announced that Eurodollar futures and options on LIFFE CONNECT® had – as of today - traded more than 500,000 contracts since launch on 18 March 2004, with open interest now pushing beyond 50,000. Open interest has hit 50,000 contracts faster than any other contract in LIFFE’s history, demonstrating fundamental confidence in the contracts.

Hugh Freedberg, Chief Executive of Euronext.liffe said:

"Volume to date in LIFFE’s Eurodollar contract represents a notional trading value of some $500 billion. This is firm evidence that an increasing number of customers are taking advantage of the benefits of trading the Eurodollar on LIFFE CONNECT®, fast, efficient trade matching and totally integrated spread trade functionally. Approximately 30% of all volume is currently traded in the spread market."

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