Products Traded On the LIFFE
LIFFE offers a wide array of derivatives products such as: stocks, currencies, commodities, government bonds, indices, swaps, and short term interest rates. All of them are eligible to trade on the electronic platform.
Stocks: LIFFE has over 680 single stock futures trade on its system. This number was around 200, but after Amsterdam, Brussels, Lisbon, London, and Paris consolidated the number more than tripled. 200 x 3 = 600.
Commodities: There are many different types of commodity futures and options traded on the exchange. The most are centered on sugar, coffee, and cocoa. Agricultural and soft contracts make up most of its volume.
Cocoa Futures & Options
Robusta Coffee Futures & Options
Corn Futures & Options
Rapeseed Futures & Options
Rapeseed Oil Futures & Options
Sugar Futures (Raw) & (White)
Sugar Options (Raw) & (White)
Wheat Futures (Feed) & (Milling)
Wheat Options (Feed) & (Milling)
Interest Rates: Recently, trading hours have been extended so that other time zones can trade. Short term interest rates are comprised of options and bond futures contracts that cover benchmarks of key countries such as: the UK, U.S., Japan, and Europe. The average daily volume is 2.5 million contracts for this sector.
Interest Rate Products for the Short Term:
EONIA Futures
EURIBOR Futures & Options
EURIBOR Mid-Curve Options & Futures
Eurodollar Options
Eurodollar Mid-Curve Options
Short Sterling Futures & Options
Short Sterling Mid-Curve Options
Euro/Swiss Futures & Options
Euro/Yen Futures
Bonds: The most active products in bond derivatives are gilt futures and options. Coming in at the third most actively-traded contract is the JGB, which is the Japanese Government Bond.
Swapnotes are used as a hedging product and trade in line with the euro swap curve. Also, it is used to hedge longer non-government yields. The most actively traded euro swap is the 2yr, 5yr, and 10yr Swapnote.
Swapnote Products:
Two-Year Swapnote Futures & Options
Five-Year Swapnote Futures & Options
Ten-Year Swapnote Futures & Options
Two-Year dollar Swapnote Futures
Five-Year dollar Swapnote Futures
Ten-Year dollar Swapnote Futures
Index Derivatives: There are many index derivatives traded on the LIFFE are many, but three stand out as the most actively traded: AEX index futures, FTSE index futures, and CAC 40 index futures. Listed below are some of the other products that are traded in addition to the top 3
AEX Index® Options
AEX Index® Weekly Options
BEL 20 Index Futures
BEL 20 Index Options
CAC 40 Index Options (PXA)
CAC 40 Index Options (PXL)
FTSE 100 Index Options (European-Style)
FTSE 100 Index FLEX® Options (European-Style)
FTSE 250 Index Futures
FTSE Europe Index Futures
FTSE Euro Zone Index Futures
FTSE Eurotop 100 Index Futures
FTSE Eurofirst 80 Index Futures (Paris)
Trading in futures and options involves a substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results.
