We thank our members and clients for their unwavering commitment as we have worked in partnership toward planning this revolutionary cross-platform launch," said Lynn Martin, Chief Operating Officer of NYSE Liffe
is pursuing a three-pronged strategy, which on top of its cost-cutting measures and attempts to forge new links includes an overhaul of an out-oate regulatory structure.
exchange will need help from outside to remain a big derivatives player, according to senior bankers.
The GFIP is structured to provide rebates to Futures Commission Merchants (FCMs) who facilitate trades from clients new to NYSE Liffe
AEMS President and CEO Jean-Marc Bouhelier said, "This initiative is a tremendous opportunity to provide LIFFE
CONNECT(R) to the NYBOT in partnership with the CBOT.
There is also the cautionary tale of LIFFE
(London International Financial Futures and Options Exchange) which in the space of a few months lost 69 per cent of its market share of bunds to the electronically traded DTB.
Don Wilson, Founder and CEO of DRW Trading Group added, "DRW's partnership with NYSE Liffe
CONNECT(R) is a trademark of LIFFE
Administration and Management and is registered in Australia, Hong Kong, Singapore, the United States and the United Kingdom, is a registered Community Trade Mark, and is the subject of a pending application for registration in Japan.
The board of Liffe
(the London International Financial Futures and Options Exchange) said earlier this year that the changes would come on stream at the end of 1999.
agreement with several leading global banks and liquidity providers -- Citadel Securities, GETCO, Goldman Sachs, Morgan Stanley, and UBS -- to sell a significant equity interest in NYSE Liffe
, Robusta for September climbed to $2,036 a tonne from $1,978 a week earlier.
will start transferring Liffe
contracts to its trading platform and ICE Futures Europe over the summer.