By Dominic Maher, 24 August 1999 12:31
NEWS The London International Financial Futures and Options Exchange (LIFFE) took another step towards full electronic trading today with the launch of its first screen-based contract. The Short Term Interest Rate (STIR) contract, a three month Euroswiss futures contract, will trade in parallel with open outcry on LIFFE Connect, the organisation's electronic trading platform. Around 10,000 STIR contracts had changed hands during the first morning of trading at the start of this week - 2,000 on the floor and 8,000 electronically. Liffe described the move as a "milestone" in the introduction of LIFFE Connect, following the implementation of equity options in November 1998, and bond products in April and May this year.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below