Liffe’s Block Trade Facility allows members to transact business of significant size as a bilaterally agreed transaction on the London market, thus minimising execution risk. This facility complements our central markets order book, which remain the primary method for trading Liffe’s interest rate products and may be used to execute trades above a pre-defined volume across the majority of Liffe’s fixed income and equity contracts.

Liffe members may not aggregate separate orders to meet minimum threshold requirements, except in the case of financial and equity options where the facilitating side of the order may be aggregated to meet the size of the originating order. Liffe will monitor and adjust, when necessary, the minimum size threshold of block trades to protect the quality of the central markets.

From 19 October, block trades for STIR (with the exception of Eurodollar options), Bond and Swapnote® options contracts arranged in the final few minutes of the contract trading session may be submitted to the Block Trade Facility for up to 15 minutes following the contract close. Normal block trade reporting requirements apply.