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Liffe and Learn Treading system expands US options.

Derivatives exchange Liffe yesterday unveiled a deal with US stock market Nasdaq to expand the range of products investors will be able to deal over Liffe's trading system.

Under the partnership, a single stock futures market will be developed, for US and European investors, with products traded on Liffe's electronic platform, Liffe Connect.

It is being launched ahead of regulatory changes later this year which will see for the first time US investors able to trade single stock futures.

Single stock futures allow investors to gamble on the price of an individual equity stock.

It enables the investor to not only take advantage of the rises in a stock price but also the falls.

Hugh Freedberg, Liffe's chief executive said: 'Our partnership with Nasdaq represents a significant milestone in realising Liffe's ambitions to become a leading provider of electronic market solutions.'

London-based Liffe's partnership deal with the US exchange comes six months after the London Stock Exchange pulled out of its merger with Germany's Deutsche Borse.

Liffe and learn: Treading system expands US options


Brian Williamson, left, chairman of Liffe, and Frank Zarb, chairman of the National Association of Securities Dealers
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Publication:The Birmingham Post (England)
Date:Mar 27, 2001
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