As one of the world's leading derivatives exchanges, Euronext.liffe offers its global customers a diverse range of financial, equity, and commodity futures and options products encompassing the products of LIFFE as well as the derivatives markets of Paris, Amsterdam, Brussels and Lisbon.
These five exchanges are now gateways to a highly liquid international market supported by a single connection to LIFFE CONNECT®, the world's most advanced electronic trading platform. The coalescing of five different trading venues into a single market supported by harmonized rules and trading procedures has made cross-border trading cheaper and easier for Euronext.liffe customers who transacted a record 730 million contracts during 2006.
In order to further expand its global offering, Euronext.liffe introduced a collection of innovative wholesale services to the European OTC equity market that combine the advantages of on-exchange and OTC trading. Bclear, which was launched in 2005 to provide a central counterparty for pre-negotiated equity derivative transactions, is a notable success with nearly 60 million contracts traded to date.
Euronext.liffe's standing as one of the top four global derivatives exchanges is based, in part, on the delivery of unsurpassed market immediacy, performance and resiliency at the lowest cost to its customers. Last year LIFFE CONNECT®, the industry's benchmark trading platform, achieved an unprecedented leap in performance and scalability when it incorporated state-of-the art Linux and Intel based technologies into its core.
As a result, capacity increased over 200% and host processing times decreased from an already fast 1.45 milliseconds to 0.08 milliseconds. This unparalleled performance coupled with our growing customer base in over 30 countries positions LIFFE CONNECT® as the premier derivatives trading platform well into the future.
At the end of 2006 Euronext’s shareholders voted to approve a merger with the New York Stock Exchange to create the world’s first global exchange.