LIFFE's Managing Director, Development, Dan Casey commented: "It is extremely encouraging to see growth in financial options trading volumes since their move to LIFFE CONNECT™, indicating that the trading community has become quickly accustomed to the new trading platform. We have seen many of the key floor trading members immediately participating in the screen market and a number of new players have started to establish themselves."
LIFFE's Chief Executive, Hugh Freedberg added, "The successful migration of financial options to LIFFE CONNECT™ further demonstrates our commitment to provide our customers with the world's most efficient, versatile and functionally rich electronic trading platform. Financial options, together with short-term interest rate futures, are some of the most complex contracts in the world - due to the multiple number of series traded, often combined with sophisticated strategies - and yet again, LIFFE CONNECT™ has shown it can handle high volume, complex derivatives trading."
This positive start to the new electronic market for financial options contracts goes hand in hand with an increase in the number of firms that access LIFFE CONNECT™. This has grown by over 80% in the last seven months, making LIFFE the fastest-growing electronic exchange in the world. Over 200 firms now access LIFFE CONNECT™ from 16 countries and there is continuing significant demand.
