New short end trading opportunities - Eonia futures
Liffe will launch new one month Eonia and three month Eonia Swap Index futures contracts on 16 June 2008. These contracts have been developed in order to enhance the existing hedging opportunities provided by our comprehensive STIR derivatives products, as well as to provide new spread trading opportunities within the STIR portfolio.
Please see London Notice 3031 (14 May 2008) and London Notice 3042 (3 June 2008) for further details.
Three Month Sterling (Short Sterling) Interest Rate Futures Contract – reduction in minimum price movement
Following an extensive consultation, Liffe has determined to reduce the tick size of Short Sterling futures from 1 basis point to 0.5 basis points across all delivery months with effect from 25 March 2008.
This change is being implemented following a strong indication of support from a significant proportion of Members. The issue that was particularly highlighted is the need to reflect commercial developments in the underlying cash and OTC marketsand to allo customers greater precision in pricing.
Please see London Notice 2994 (1 February 2008) for further details.
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