Stellar Trading Systems provides access to NYSE Liffe U.S. products
by Stellar Trading Systems 30 Mar 10:00
LONDON, CHICAGO, 30 MARCH, 2011 – Stellar Trading Systems, a leading provider of cutting-edge futures, options, equities and treasuries trading capabilities, is pleased to announce that it is fully compliant to support electronic trading of the newly launched interest rate and bond futures contracts from NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX).
Stellar is one of the first trading systems prepared to provide access to coincide with the launch of Eurodollar futures on March 21, 2011, and 2-year, 5-year and 10-year U.S. Treasury futures and U.S. Bond and Ultra Bond futures products on March 28, 2011. These products are available on Stellar’s full suite of industry leading trading applications including Quantum Server – the revolutionary server-based algorithmic engine, and will be cleared through New York Portfolio Clearing (NYPC), the innovative new clearinghouse jointly owned by NYSE Euronext and The Depository Trust & Clearing Corporation (DTCC). Stellar customers will now benefit from the combined value of trading on NYSE Liffe U.S. coupled with NYPC’s powerful ‘one-pot’ margin methodology and streamlined delivery process.
“As one of the only trading systems able to provide these products from launch, Stellar is able to offer a unique and highly competitive choice to our global market participants,” said Steve Thomas, managing director of Stellar Trading Systems.
“In keeping with our goal of ensuring broad, efficient access for a diverse range of global market participants, we are pleased that Stellar has made their software available to customers since our first day of trading interest rate futures on NYSE Liffe U.S.,” said Lynn Martin, COO, NYSE Liffe U.S.
About Stellar Trading Systems
Stellar Trading Systems provides cutting-edge futures, options, equities and treasuries capabilities to professional traders around the world. Having out-performed competitor products and leading the industry with new functionality, Stellar and the Stellar spreadMachine have established a reputation for unrivalled performance and innovation. Stellar Trading Systems also recently launched Quantum Server – the revolutionary server-based algorithmic trading engine. Stellar provides ultrafast and reliable connectivity to the world’s major exchanges including Euronext Liffe, Eurex, NYSE Liffe U.S., CME, CBOT, NYMEX, COMEX, DME, BM&F, ICE, LME, eSpeed, BrokerTec, MEFF, Montreal Mx, Chi-X and ELX. Stellar Trading Systems is headquartered in London with a further office in Chicago. For more information on Stellar Trading Systems, please visit: www.stellartradingsystems.com.
About NYSE Liffe U.S.
In March 2010, the exchange sold a substantial minority ownership stake to six leading market participants, Citadel Securities, DRW Ventures LLC (an affiliate of DRW Trading Group), GETCO, Goldman Sachs, Morgan Stanley and UBS. NYSE Liffe U.S. utilizes the proven LIFFE CONNECT® trading platform designed and maintained by NYSE Technologies that matched nearly 4.7 million contracts per day in 2010 on the NYSE Liffe European markets. Offering a range of global connectivity options, NYSE Liffe U.S. enables its members to efficiently transact on the platform in a highly cost-effection manner while also utilizing other NYSE Euronext exchanges with unique pricing incentives and simplified access. For more information on NYSE Liffe U.S., please visit: www.nyse.com/nyseliffeus.