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The London International Financial Futures Exchange's (LIFFE) Automated Pit Trading (APT) system (TST, Apr. 24) will go live on Nov. 30. The Euromark futures contract will be the first traded over the electronic system, followed the Bund contract two weeks later. APT will include options contracts by early 1990 and the majority of all contracts by mid-year. The system will operate from 7:00 a.m. until the opening of pit trading at 8:10 a.m. and from 4:30 p.m. until 6:00 p.m., resulting in 11

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‘Feature, not a bug’: Bloomberg makes the case for Figi

Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.

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