Euronext.liffe
Euronext.liffe is the derivatives arm of the pan-European stock exchange Euronext. Founded in January 2002, it is one of the world's largest futures and options exchanges.
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History
It was formed in January 2002 from the takeover of the London International Financial Futures and Options Exchange by Euronext. The derivatives activities of the other constituent exchanges of Euronext (Amsterdam, Brussels, Lisbon and Paris), were merged into Euronext.liffe. Trading is done electronically through the LIFFE CONNECT platform.
Products
Euronext.liffe offers a wide range of futures and option products on short-term interest rates, bonds, swaps, equities and commodities. Volumes in 2004 were split as follows:
- Interest Rate: 313.3 million contracts
- Equities: 468.8 million contracts
- Commodities: 8.0 million contracts
In addition to this, it sells its technology to third parties. Since April 2003, the Tokyo International Financial Futures Exchange (TIFFE) has run on LIFFE CONNECT. Furthermore, in January 2004, the Chicago Board of Trade started electronic trading using e-cbot, which is powered by LIFFE CONNECT. As a result, the Kansas City Board of Trade (KCBT), the Minneapolis Grain Exchange (MGEX) and the Winnipeg Commodity Exchange (WCE) use LIFFE CONNECT for their overnight trading.
Competitors
Euronext.liffe's main competitors are Eurex, the Chicago Board of Trade and the Chicago Mercantile Exchange.
References
- Durica, Dr. Michael (2006). Product Development for Electronic Derivative Exchanges: The case of the German ifo business climate index as underlying for exchange traded derivatives to hedge business cycle risk. Pro Business. Berlin.
External link
Categories
Commodity exchanges