NYPC Sees Large Notional Increase for Second Physical Delivery

NEW YORK, Oct. 6, 2011 /PRNewswire/ -- New York Portfolio Clearing, LLC (NYPC), the innovative new clearing platform for interest rate futures, announced today that it has successfully executed its second physical delivery of US Treasury futures. NYPC's "locked-in" trade delivery system seamlessly submitted $1.952 billion notional in expiring US Treasury futures from NYPC to The Depository Trust & Clearing Corporation's (DTCC) Fixed Income Clearing Corporation (FICC) for physical delivery. These expiring positions were then automatically netted with all trades the member firms cleared with FICC on that day. This increase represents growth of greater than 50% over the $1.275 billion notional at the end of Q2 2011.

"Our second successful physical delivery for NYPC's US Treasury futures complex marks another milestone in the growing acceptance and confidence of our clearing platform," said Walt Lukken, Chief Executive Officer of NYPC. "Combined with our strong performance in open interest and volumes, these impressive delivery numbers show that market participants find real value in our locked-in trade delivery system for the efficiency and transparency that it brings."

Market participants gain significant operational and capital efficiencies across their fixed income portfolios with NYPC through its locked-in delivery process and its unprecedented "one-pot" margining across proprietary futures and cash portfolios.

NYPC is a joint venture of DTCC and NYSE Euronext (NYX) created to deliver unique capital efficiencies to the market by netting and reducing risks between a clearing member's portfolio of cash bonds and derivatives, combined with a streamlined delivery process allowing for the seamless netting of futures and cash positions. NYPC currently clears Eurodollar and US Treasury futures listed on NYSE Liffe US, the US futures exchange of NYSE Euronext.

For more information, please visit: www.nypclear.com.

About NYPC

New York Portfolio Clearing, LLC (NYPC) is registered as a U.S. Derivatives Clearing Organization with the Commodity Futures Trading Commission.  NYPC clears interest rate products and supports the cross-margining of fixed income cash products from Depository Trust & Clearing Corporation's Fixed Income Clearing Corporation with their related, offsetting derivatives trades in a "single pot".  For more information, please visit: www.nypclear.com.

About DTCC

DTCC, through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives.  In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.  DTCC's depository provides custody and asset servicing for more than 3.6 million securities issues from the United States and 121 other countries and territories, valued at US$36.5 trillion.  In 2010, DTCC settled nearly US$1.66 quadrillion in securities transactions. DTCC has operating facilities and data centers in multiple locations in the United States and overseas. For more information, please visit www.dtcc.com.

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 S&P 100 index and Fortune 500.  For more information, please visit: http://www.nyx.com.

SOURCE New York Portfolio Clearing, LLC