The Block Trade Facility allows members of NYSE Liffe and their Wholesale Clients (see Further information for definition of "Wholesale clients") to transact business of significant size as bilaterally agreed transactions on-exchange, without delay and with certainty of price and execution. The Facility complements NYSE Liffe's central markets which continue to be the primary method for trading the Exchange's products.

The Block Trade Facility may be used to execute trades above a pre-defined volume in the majority of the market's equity contracts.

Separate orders may not be aggregated to meet minimum threshold requirements. The market will monitor and adjust, when necessary, the minimum size threshold of Block Trades to protect the quality of the central markets.

The Block Trade Facility is available for the following equity products:

• All index products (excluding CAC 40 future and all Dutch and Belgian products)
• All Individual Stock Options (UK, France; excluding Netherlands and Belgium)
• All USFs and SSFs

The Block Trade Facility for French Equity Options allows members of the Paris derivatives market to pre-negotiate a Block Trade and then submit the trade to the Exchange via LIFFE CONNECT®.

The Block Trade Facility makes it easier to trade large blocks above a pre-defined volume. Block Trades are traded alongside the Central Order Book and then entered on LIFFE CONNECT® and can help to:

• eliminate execution risk as partial order fills are avoided
• provide price certainty, as the trade is executed at a single pre-negotiated price level.

All French Individual Equity Options are available in the Block Trade Facility (except Options on Trackers).