Liffe

From MarketsWiki

LIFFE was originally the acronym for the London International Financial Futures Exchange, formed in London in 1982. Following mergers with the London Traded Options Market (LTOM) and the London Commodity Exchange (LCE), LIFFE added equity options and a range of soft and agricultural commodity products to its existing financial mix.

Trading on LIFFE, as on other futures exchanges, was originally conducted by open outcry with each product traded in a designated trading pit. In 1998 LIFFE embarked on a course that transferred all of its futures and options from the traditional method of trading to an electronic platform known as LIFFE CONNECT. By 1998 it was among among the top three global futures and options exchanges in volume.

LIFFE was acquired by Euronext in 2002 and re-named Euronext.liffe. Euronext was in turn acquired by the New York Stock Exchange on Apr. 4, 2007, and LIFFE became NYSE Liffe.