Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

LIFFE - Revised Trading Hours For Short Term Interest Rate ("STIR ") Futures And Options Contracts

Date 02/07/2001

From Monday 9 July LIFFE will be extending the trading times for the Three Month Sterling (Short Sterling) contracts and options on all Short Term Interest Rate Products.

Short Sterling futures will be opening from 07.30 (BST) (current opening times 08.05 to 18.00 BST) and options at 07.32 (BST) (current opening 08.07 to 16.09 BST). The changes for the Short Sterling futures and options will bring the contract in line with LIFFE's Euribor futures and options contract allowing members to facilitate spread trading between the two contracts. With speculation as to whether the UK will be joining the Euro increasing, spread trading is expected to be more active.

In response to member demand LIFFE's STIR option contracts will also be closing later at 18.00 (BST).