Liffe chief talks down rumours
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.DANIEL HODSON, chief executive of Liffe, London's futures and options exchange, moved play down rumours that rival exchanges could begin to trade UK gilt futures. Liffe is currently the only exchange to trade gilt futures but recent press reports have suggested Matif, the French futures exchange, and the DTB, the German futures exchange, could compete head-on with the London exchange for gilt future trades.
"It's a very old story," Mr Hodson said on the fringes of a derivatives conference in London. Liffe has recently faced heavy criticism after losing the bulk of trade in the German government bond future (the Bund) to the DTB. Many dealers prefer to use the DTB's low cost electronic trading system than to trade Bunds on Liffe's traditional open-outcry trading floor.
The DTB said yesterday that it was considering moving into gilt futures, but that no concrete plans had been made.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments