ICE Publicizes Its Plans for the Transition of LIFFE Contracts to ICE Exchanges

Last week, ICE announced its intent to migrate LIFFE UK's contracts to the ICE trading platform ("WebICE") and ICE Futures Europe beginning Summer 2014. The first contracts migrated will be agricultural commodity contracts, followed by LIFFE UK's equity derivatives contracts during the third quarter of 2014, and LIFFE UK's interest rate contracts during the fourth. Contemporaneously with these transitions, ICE will also transfer the listing of LIFFE US' Eurodollar and DTCC GCF Repo futures contracts to LIFFE in the UK during mid-2014, while the clearing will transfer from New York Portfolio Clearing to ICE Clear Europe. LIFFE US' precious metals and MSCI equity index futures contracts will be transitioned to ICE Futures U.S. and cleared at ICE Clear U.S., instead of the Options Clearing Corporation.

See: ICE Press Release.This summary was provided by Gary DeWaal, President of Gary DeWaal Associates.