LIFFE Announces The Migration Of Its Non-Financial Products To LIFFE CONNECT™ On 27 November 2000

The London International Financial Futures and Options Exchange (LIFFE) has announced that it will list all of its Commodity Products on its electronic trading system, LIFFE CONNECT™, on Monday 27 November 2000.

The migration means that LIFFE's commodity market customers will be able to take advantage of the unparalleled trading technology and potential global access offered by LIFFE CONNECT™. The increased flexibility and lower market entry barriers offered by the trading system will enable LIFFE to further its ambition to become the leading global marketplace in non-financial products.

Bill Smit, LIFFE's Head of Non-Financial Products, said "We are very pleased to be taking this initiative. We look forward to working with our customers to take full advantage of the increasing liberalisation and globalisation of the world's commodity and non-financial product markets. Using LIFFE CONNECT™ will ensure that the international trade has global access to global markets."

John Foyle, LIFFE's Deputy Chief Executive added, "Once the Exchange's non-financial products have migrated to LIFFE CONNECT™ LIFFE will be a fully electronic exchange, with its entire product range trading electronically. Currently, our customers entrust over £280 billion a day to LIFFE CONNECT™, making LIFFE the world's largest electronic exchange by value traded."