London - Nyse Liffe, the derivatives division of Nyse Euronext and ICE Clear Europe, a wholly-owned subsidiary of IntercontinentalExchange, have announced plans to begin clearing the London-based derivatives market of Nyse Liffe on Monday, July 1, 2013, following testing with Clearing Members in recent weeks.
Subject to relevant regulatory approvals, the transition process for open positions will occur over the weekend of June 29-30, 2013.
Mark Ibbotson, Co-Chief Executive of NYSE Liffe said: "NYSE Liffe thanks customers for the support they have shown in preparing for this clearing migration. We are pleased to work with ICE Clear Europe as our clearing provider, given their strong track record for security and product innovation."
Said Paul Swann, President & Managing Director, ICE Clear Europe: "We have worked closely with Clearing Members and regulators to ensure a seamless transition to ICE Clear Europe for NYSE Liffe products. We are on track and confident of meeting the planned July 1 go-live date and we are appreciative to NYSE Liffe's customers for their role in planning for the transition."