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NYSE Liffe Welcomes UOB Bullion and Futures as New Member

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LONDON, PARIS and SINGAPORE, May 23, 2011 /PRNewswire-Asia/ — NYSE Liffe announced that UOB Bullion and Futures (UOBBF), the Singapore-based futures broker, has become a member of NYSE Liffe’s London and Paris markets.

A subsidiary of United Overseas Bank Limited, UOBBF was founded in 1978. UOBBF specialises in equity index and interest rate derivatives trading, which are key strengths of NYSE Liffe. Both NYSE Euronext’s Euribor and FTSE 100 Index futures contracts open at 0100hrs London time, enabling trading during the Singapore working day.

Alan van Griethuysen, Executive Director and Country Head, Benelux and Asia, of NYSE Liffe, said: “We are very pleased to welcome UOB Bullion and Futures as a member of the LIFFE market. Over the past few years, we expanded our presence here in Singapore and extended opening hours in two flagship contracts to meet the needs of customers in this time-zone.”

Mr Matthew Png, UOBFF’s Executive Director added, “It is our great pleasure to become a member of NYSE Liffe. We are now directly connected to NYSE Liffe using NYSE Technologies’ SFTI network. With this direct access we will be able to offer our customers the fastest possible access to NYSE Liffe’s London and Paris markets via an ultra-low latency link, hence offering an alternative to traditional order-routing.”

NYSE Technologies’ SFTI network is the highly resilient, ultra low-latency communications backbone created specifically for the financial industry in 2002. It provides connectivity to a range of exchanges, market centers and content service providers, including all of the National Market System venues in the U.S. SFTI also connects to over 1,300 market participants and offers third-party technology products through its unique hosted solutions platform. Designed to be the industry’s most secure and resilient global network, SFTI is specifically built for electronic trading and market data traffic thus enabling firms to reduce their time-to-market, improve their performance and significantly lower the cost of their trading.

Notes to editors:

About NYSE Euronext

NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company’s exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext’s equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world’s equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world’s second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com.

About United Overseas Bank

United Overseas Bank Limited (UOB) is a leading bank in Asia. It provides a wide range of financial services through its global network of over 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America, including banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and mainland China.

In Singapore, UOB is a market leader in the credit and debit cards business, and the private residential home loan business. It is also a key player in loans to small and medium enterprises. Its fund management arm, UOB Asset Management, is one of Singapore’s most awarded fund managers.

UOB is rated among the world’s top banks by Moody’s Investors Service, receiving B for financial strength, and Aa1 and Prime-1 for long-term and short-term bank deposits respectively.

UOB also plays an active role in the community, focusing on children, education and the arts. It has organised the prestigious Painting Of The Year Competition and Exhibition since 1982, and supports Very Special Arts Singapore which provides art programmes for the disabled. In recognition of its contributions to the arts, UOB has been conferred the National Arts Council’s Distinguished Patron of the Arts Award for 3 the sixth consecutive year. UOB has also established the annual UOB Heartbeat Run to raise funds for charity.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2009 (“document de reference”) filed with the French Autorite des Marches Financiers (Filed on April 22, 2010 under No. D.10-0304), 2009 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorite des Marches Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.

Contacts for information:

Mahmoud Sidding
Taylor Rafferty
Email: mahmoud.siddig@taylor-rafferty.com
Tel: +852-3196-3712

Vivian Huang
Fortune China
Email: Vivian.huang@fortunechina.com.cn
Tel: +86-10-63100088 ext. 829 Ms. Ady Ng,
Deputy CEO, UOB
UOB Bullion and Futures Limited
Email:Ady.NgLW@UOBgroup.com
Tel: +65-6539-8970

CONTACT (Media): CONTACT (Investor Relations):
+31-20-550-4488(Amsterdam) +1-212-656-5700(New York)
+32-2-509-1392(Brussels) +33-1-49-27-58-60(Paris)
+351-217-900-029(Lisbon)
+44-20-7379-2789(London)
+1-212-656-2411(New York)
+33-1-49-27-11-33(Paris)

SOURCE NYSE Liffe

Written by asiafreshnews

May 24, 2011 at 10:31 am

Posted in Uncategorized

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