By Tony Hallett, 6 August 1999 12:26
NEWS Liffe, the London-based derivatives exchange, has forged an alliance with the Chicago Mercantile Exchange (CME) meant to increase product choice, develop new services and stave off competition from other international partnerships. Liffe and the CME will connect their electronic exchanges, meaning Liffe Connect and Globex 2 will be available to members of both exchanges. The tie-up of the world's largest exchanges - the Chicago Board of Trade and Swiss-German Eurex - has stolen the limelight in recent weeks, but Liffe and the Merc still dominate short-term interest rate contracts.
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