This is a further sale of LIFFE technology and other related services. Market Touch will take delivery of a bespoke version of LIFFE CONNECT™. It will operate with a modified Application Programme Interface (API), incorporating order functionality specifically developed for Market Touch. Old Mutual and Market Touch have chosen LIFFE CONNECT™ to provide a robust trading hub with high volume capacity and optimum speed of execution.
Brian Williamson, Chairman of LIFFE said: "Old Mutual is a global leader in the provision of financial services. We are naturally delighted that they have chosen LIFFE CONNECT™ as the trading platform for their Market Touch venture. This announcement demonstrates that LIFFE CONNECT™ is capable of meeting complex trading challenges beyond the derivatives market for which it was originally designed."
Eric Anstee, Chief Executive of Old Mutual Financial Services said: "LIFFE CONNECT™ provides the perfect solution for Market Touch. It will match large volumes quickly and efficiently, combining today's requirement for immediacy with tomorrow's requirement for limit handling."
