The London International Financial Futures and Options Exchange (LIFFE) yesterday said it had suffered losses of £62 million sterling (#92 million or £73 million) in 1998 after its switch to screen-based trading. The computerisation of trade on the London futures market was deemed vital to ensure survival in the face of intense competition from the Frankfurt market, which has snapped up an increasing share of European futures trade.
LIFFE loses £73m
The London International Financial Futures and Options Exchange (LIFFE) yesterday said it had suffered losses of £62 million …
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