Y2K Shuts Down LIFFE Trading Floor Ahead of Schedule
TRADING LINKS
Concerns about Y2K disconnects led the London International Financial Futures Exchange (LIFFE) to close open outcry trading for its short term interest rate contracts (STIRS), including EURIBOR and short sterling. STIRs will be moved to screen-based trading on November 19.
However, in a reprise of sentiments heard elsewhere, traders said that Y2K concerns should have led LIFFE to extend the life of the trading floor rather than shut it down early. A view held by many in the industry is that
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