TT plans to release the MEFF gateway later this year. TT also will launch a MEFF simulation environment, which will allow X_TRADER users to test and refine trading strategies without risking capital. Both production and simulation gateways are expected to support trading of the IBEX 35 Equity Index Futures, IBEX 35 Mini Futures and Options, Single Stock Futures and Single Stock Options.
âInterest in MEFFâs products is strong among TTâs European customers, as expected, but we also are seeing demand in the rest of the world from customers who want to branch out and trade new products. We look forward to launching connectivity to this key European market,â said Harris Brumfield, TTâs CEO.
MEFFâs CEO Fernando Centelles said, âThis new collaboration with TT is born from MEFFâs ongoing efforts to satisfy member needs, as well as large international investment groups interested in operating in the Spanish derivatives market. MEFFâs connection to the TT platform will provide its members with increased technological standardization and efficiency for the global market.â
In 2006, a total of 47.2 million Futures and Options contracts were traded on MEFF â a 17% increase over 2005. MEFFâs most important products are Futures traded on the IBEX 35Â® index, of which 6.4 million contracts were traded in 2006, and Single Stock Futures with a volume of 21 million contracts â a growth of 30% and 12% respectively on 2005. In January 2007, the volume of IBEX 35 Â® futures was 628,656 contracts, 35% up on the same month in 2006.