Liffe expands clearing capabilities

BClear, the clearing platform of NYSE Euronext's derivatives business, Liffe, will clear commodity swaps and options in Q1 2009.

The new soft and agricultural commodity products will be priced against the benchmark robusta coffee, cocoa and white sugar contracts already traded on Liffe.

Liffe currently clears equity and index products on BClear, and is due to begin clearing credit default swaps (CDS) referencing the Markit iTraxx Europe investment grade, HiVol and Crossover indexes as of 22 December.

The CME Group in conjunction with Chicago-based Citadel Investment Group, and the IntercontinentalExchange together with the Clearing Corporation, have both confirmed that their plans to launch a central counterparty for credit default swaps (CDSs) are ready to be rolled out upon gaining regulatory approval. Eurex intends to launch its clearing service in the first half of 2009.

See also: Banks move to central clearing across asset classes
Gearing for clearing
Rival CDS clearing plans revealed

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