Liffe opens to outside investors

Liffe opens to outside investors

Liffe, the beleagered City derivatives exchange said yesterday it would change its rules to allow outside shareholders who are not members of the exchange to invest in the business. The move is part of chairman Brian Williamson's drive to turn the exchange from being a member-run organisation to one which is focused more clearly on profits. Liffe is cutting 600 jobs as it shifts from open outcry to electronic trading.