25 September 1998
LIFFE decision on electronic trading this year
THE London International Financial Futures and Options Exchange (LIFFE) will decide by the end of the year whether to switch to electronic trading for commodity futures products.
LIFFE has already decided to introduce “e-trading” for financial products. A decision on commodities is under review.
Cocoa and robusta coffee are LIFFEs two main commodity futures products but the exchange also deals in white sugar, wheat, barley and potatoes.
Traders are concerned about the move because there is a lot of forward trading with an active switch market. Traders are also concerned that locals – who operate for their own accounts – will not use the London market once it is screen-based.
Futures exchanges around the world are under pressure to move to e-trading.
- LIFFE closing prices for wheat, barley and potatoes, updated daily in FWi Markets
- Financial Times 25/09/98 page 32