Four BIC trades (Block trades at Index Close) were reported on NYSE Liffe US on August 23rd totaling $149 million in notional value. With this activity, NYSE Liffe US has surpassed $5 billion in notional value of BIC trades on 159 transactions. NYSE Liffe US launched BIC trading in September 2011 as an innovative way to provide customers the ability to manage the tracking impact of executing large orders relative to the underlying index level by explicitly tying the transaction price to the closing level of the underlying index.
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