NYSE Liffe US, the North American futures exchange operated by exchange group NYSE Euronext, has sold minority stakes in its platform to six banks and market makers.
The firms comprise Citadel Securities, DRW Ventures, GETCO, Goldman Sachs, Morgan Stanley and UBS.
NYSE Euronext will continue to be the largest shareholder in NYSE Liffe US and retain management of its daily operations.
The futures exchange will continue to be run under a separate board of directors to NYSE Euronext, chaired by James J. McNulty, former CEO of the Chicago Mercantile Exchange.
“With the completion of this transaction, NYSE Liffe US is well positioned to deliver innovation, competition and value to the US derivatives marketplace,” said Duncan L. Niederauer, CEO, NYSE Euronext, in a statement. “We are committed to building a diverse, customer-driven US futures exchange, and are confident that partnering with our clients is the right strategy for success.”
“The NYSE Liffe US partnership includes some of the most sophisticated and forward-thinking participants in today’s global markets,” added Thomas F. Callahan, CEO, NYSE Liffe US. “The addition of a world-class partner like DRW to this group will only accelerate our efforts to deliver a vibrant, liquid US futures exchange.”?
NYSE Liffe US is an electronic market that offers trading in 100 ounce gold futures, 5,000 ounce. silver futures, options on gold and silver futures, and mini-sized 33.2 ounce gold and 1,000 ounce silver futures. It also offers equity index futures based on MSCI Emerging Markets, MSCI EAFE, and MSCI USA indices.