Web site: www.euronext.com/derivatives
The Euronext Derivatives Markets ("Euronext.liffe") include the markets for derivatives operated by Euronext Amsterdam, Euronext
Brussels, Euronext Lisbon, Euronext Paris and LIFFE Administration and Management, referred to respectively as the Amsterdam,
Brussels, Lisbon, Paris and London markets.
Euronext NV, PO Box 19163, 1000 GD Amsterdam, The Netherlands
EURONEXT DERIVATIVES MARKETS
LONDON NOTICE No. 2860
ISSUE DATE:
14 March 2007
EFFECTIVE DATE:
25 June 2007
THREE MONTH EURO (EURIBOR) INTEREST RATE CONTRACT
EXTENSION OF TRADING HOURS
Executive Summary
This London Notice provides members with additional information in respect of the extension to the
trading hours of the Three Month Euro (EURIBOR) Interest Rate Contract
1.
Trading Hours
1.1
London Circular No. 06/34, issued on 3 October 2006, informed members of the Exchange’s
intention to extend the trading hours of the Three Month Euro (EURIBOR) Interest Rate
Contract (“Euribor Futures Contract”) in order to promote further its development as an
international benchmark product.
1.2
This Notice informs members that, with effect from Monday 25 June 2007, the Euribor
Futures Contract will open for trading each day at 01:00 hours (London time). The standard
trading hours shall be a single continuous trading session from 01:00 to 21:00 hours (London
time). There shall be no change to the trading hours of Options and Mid-Curve Options on
the Euribor Futures Contract.
2.
Operational Implications
2.1
The LIFFE CONNECT® standard session times for the Euribor Futures Contract on and from
Monday 25 June 2007 shall be as follows:
Session
Start
Pre-Open
Open
Pre-Close
Settlement
Close
Session
Close
00:30
00:45
01:00
20:58
16:15
21:00
22:00
2
2.2
Members should note that the Session Start time for all contracts on the Financials hosts will
become 00:30 hours from 25 June 2007. Other than this impact, all other LIFFE produc