Liffe expands Bclear into Russia and Eastern Europe
05 December 2007 | 1503 views | 0
Today Liffe announced a major expansion of its Bclear service with the listing of flexible Individual Equity Options contracts and flexible Universal Stock Futures (USFs) on Russian Depositary Receipts as well as flexible USFs on Czech, Hungarian and Polish securities.
The introduction of these new contracts, alongside the 94 USFs on US securities listed on 21 November, will bring the total number of underlyings available on Bclear to over 850 from 21 countries. Bclear offers the most comprehensive portfolio of single stock futures in Europe.
Garry Jones, Executive Director of Business Development and Strategy, said: "This expansion of Bclear to include underlyings from Russia and Eastern Europe highlights our commitment to meeting requests from our customers. We are pleased to be responding to this demand with this new geographical expansion of our product range."
So far this year Bclear has processed over 100 million contracts with an average daily volume of 447K, an increase of over 120% on the same period in 2006.