Tuesday, 8 May 2012
2012.05.08 15:38:08 MARKET TALK: Buy Top Side GBP/JPY One Touch - Barclays
9:46 (Dow Jones) Futures markets tied to key interest rates have been singled out for suffering after the financial crisis as central banks' efforts to keep credit flowing have seen benchmark rates drop to near-zero and stay there. But NYSE Euronext (NYX) felt less pain than rivals last month. Fixed-income futures trading on its London-based Liffe platform fell 7.1% from April 2011, versus a 15% decline at Deutsche Boerse (DB1.XE, DBOEF) and 24% slump at CME. NYSE's contracts are linked to short-term European rates, which have proven more volatile as traders weigh the potential for a sudden freeze-up in credit. (jacob.bunge@dowjones.com)
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(END) Dow Jones Newswires
May 08, 2012 09:46 ET (13:46 GMT)
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