Liffe braced for tough times
Wednesday 04 November 1998
A day after announcing a strategic overhaul and sweeping job cuts, Liffe said October's overall volumes fell 10 per cent from September and 39 per cent year-on-year.
Volumes in October totalled 15.67 million futures and options contracts, against 17.44 million in September and 25.72 million in October 1997. Liffe's short-term interest rate products, where the exchange is still dominant, fell by 8 per cent in the month and 6 per cent in the year. Liffe attributed the decline partly to the approaching launch of the euro.
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