LIFFE Board Invites Presentations From Interested Parties

The Board of the London International Financial Futures and Options Exchange (LIFFE) announces that it met this morning to review approaches it had received from a number of parties.

The Board has invited certain parties to expand on their indicative proposals and the next stage in this process will be for them to make presentations before the end of the month. The Board reiterates that it is firmly committed to an independent strategy if its criteria are not met.

LIFFE's Chairman, Sir Brian Williamson said, "Each party will be expected to demonstrate increased value to shareholders by showing an ability to build on LIFFE's momentum in the growth area of global derivatives trading; an awareness of the role of electronic exchanges in fast-changing markets; acceptance of the importance of technology and a commitment to LIFFE's existing customers and relationships."