Liffe Ending Outcry For STIRs Nov. 19; Business To Be Shifted To Liffe Connect
TRANSACTION SYSTEMS
LONDON--The London International Financial Futures and Options Exchange (Liffe) will end open outcry trading in its short term interest rate futures (STIRs) on November 19, and will shift the business to Liffe Connect, its electronic transaction platform.
The highly controversial move is an effort by Liffe to save thousands of pounds and turn around its financial situation--Liffe has been losing money for the last two years. The end of pit trading for STIRs also comes in spite of the lack of take
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