By Pia Heikkila, 18 January 2001 10:30
NEWS The company has appointed Hemsley just as it has completed a phase of transition from open outcry to electronic trading. Liffe has been plagued by both technical shutdowns as well as difficulties in system integration in the past. But Hemsley greets his new post with confidence and sees new technology models, such as ASP, as new revenue opportunities for the company. Speaking to silicon.com, Hemsley said: "We are already in the process of improving our system and will be continuing our IT strategy as planned. I see Liffe improving technically by partnering with other B2Bs and possibly deploying an ASP model to deliver our information to our customers." In addition to suffering a serious system failure in November, the company has also experienced difficulties with its £35m electronic trading system, the Liffe Connect, as well as traders' reluctance to move away from the traditional open-outcry pits. James Eibisch, research manager, at IDC said: "Certain online financial services could well turn themselves around to become sort of application service providers as long as they use a wholesale third party ASP to rent the software from." Hemsley was previously employed by the Deutsche Bank as the MD of the Global Technology Division.
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