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In brief: Liffe decides against expansion

By Tony Hallett

Published: 28 July 1998 17:24 GMT

The London International Financial Futures and Options Exchange (Liffe) has scrapped plans to develop new premises at Spitalfields in London's East End.

The decision was widely predicted given Liffe's recent move towards electronic trading facilities. The electronic Liffe Connect trading systems for equity options and financial futures is widely expected to reduce the number of traders at the exchange.

Liffe said the decision was taken after consultation with the Spitalfields Development Group (SDG), the Corporation of London and the London Borough of Tower Hamlets.

Liffe chairman designate, Brian Williamson, said the Spitalfields site "did not make economic sense".

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