On 29 November Euronext.liffe Amsterdam successfully migrated its derivatives products on to Euronext’s derivatives trading system: LIFFE CONNECT®.
The migration of the Amsterdam derivatives products on to LIFFE CONNECT®, the world’s most advanced derivatives trading platform, is the final major step for Euronext in creating a single market for all Euronext derivatives products. Euronext has already created a single market for cash products by making all its listed stocks available on a single trading platform, NSC, cleared through a single system, Clearing 21® under a single set of market rules. These migrations are now reducing costs for both Euronext itself and its customers and makes cross-border trading easier and cheaper.
Jean-François Théodore, Chairman and CEO of Euronext said: "We would like to thank our customers for their support in the successful partnership which has helped to achieve this migration. The transfer of the Amsterdam derivatives market to LIFFE CONNECT® marks the final stage of our drive to replace multiple trading venues with a single market supported by state-of-the-art technology."
Hugh Freedberg, CEO of Euronext.liffe said: "Euronext.liffe is linking strong local markets globally on our world-beating technology, LIFFE CONNECT®. The Amsterdam derivatives market has migrated to the latest version of LIFFE CONNECT® which has been developed to meet the needs of the Dutch market."
Joost van der Does de Willebois, CEO of Euronext Amsterdam added: "This migration will make the unique and successful Dutch equity options market accessible to a much larger pool of international investors, further enhancing the liquidity of the market. It also creates a gateway to the wide range of other products Euronext.liffe offers, which are now available to Amsterdam market customers through the same connection as locally-listed products."