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20-399: London International Financial Futures and Options Exchange University of London International Programmes London International Airport London Clubs International London International, a subsidiary label of London Records Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with

40-479: A lower cost base. The progress of DTB can be gauged from the fact that in mid-1997 the DTB had less than 25% of the market. By October, it had more than 50%, and a couple of months later LIFFE was left with only 10%. The Bund represented about a third of LIFFE's business. The exchange, which had turned in a profit of £57m in 1997, reported a loss of £64m in 1998. Its ambitious plans for enlarged trading floor and offices on

60-461: A new suburb of London. Market buildings were sited on the rectangular patch of open ground which retained the name Spittle Fields: demarcated by Crispin Street to the west, Lamb Street to the north, Red Lion Street (later subsumed into Commercial Street ) to the east and Paternoster Row (later known as Brushfield Street) to the south. The existing buildings were constructed between 1885 and 1893 to

80-593: A regeneration programme resulted in the new public spaces: Bishops Square and Crispin Place, which are now part of the modern Spitalfields Market. A range of public markets runs daily, with independent local stores and restaurants - as well as new office developments. It is situated in the London Borough of Tower Hamlets , just outside the City of London . The closest London Underground and mainline railway station

100-599: A site near Spitalfields market were dropped (and became the ABN Amro UK HQ). LIFFE had had big plans to expand, and intended to redevelop Spitalfields Market in the City of London as they needed a larger building for their open outcry. With the loss of the market for their main product, Bund futures contracts, all expansion plans were shelved. LIFFE realised that, to compete, it had urgently to develop an electronic trading platform instead. It already had an electronic platform called Automated Pit Trading (APT), which

120-480: Is Liverpool Street . There has been a market on the site since 1638 when King Charles I gave a licence for flesh, fowl and roots to be sold on Spittle Fields, which was then a rural area on the eastern outskirts of London. After the rights to a market had seemingly lapsed during the time of the Commonwealth , the market was re-founded in 1682 by King Charles II in order to feed the burgeoning population of

140-486: The London Commodity Exchange (LCE), and, as a result, a range of soft and agricultural commodity contracts was added to its products offering. Trading was conducted by open outcry , where traders meet on the trading floor (in what is called the pit ) to conduct trades. The Exchange was originally housed in the historic Royal Exchange building near Bank but then moved to Cannon Bridge in 1991. By

160-634: The Traders' Market. The Gun, a pub situated to the south of the market buildings, recalls Tudor times, when the Old Artillery Ground in this area was used by the Honourable Artillery Company to practice with cross-bow, and later guns and artillery pieces. At the east end, and on the other side of Commercial Street, is Christ Church , a large Nicholas Hawksmoor church. In January 2011 Spitalfields received

180-577: The designs of George Campbell Sherrin . They were commissioned by Robert Horner, the last private owner of the market, and remain known as the Horner Buildings. The market was acquired by the City of London Corporation in 1920, to serve as a wholesale market. It was extended westward to Steward Street in 1926, destroying the northern extensions of Crispin Street and Gun Street in the process. The Cinema Museum in London holds extensive film of

200-703: The end of 1996, LIFFE was by far the biggest futures exchange in Europe, followed by the MATIF in Paris and the Deutsche Terminbörse (DTB) in Frankfurt . The DTB was an electronic exchange founded in 1990 and the predecessor to Eurex . LIFFE's most-traded product was a futures contract on Bunds , the 10-year German Government Bond. The DTB offered an identical product but, as an electronic exchange, it had

220-623: The exchange announced that it had received a number of expressions of interest in buying the business. In January 2002, LIFFE was acquired by Euronext , joining the exchanges of Amsterdam , Brussels, Paris and Lisbon . Old Spitalfields market Old Spitalfields Market is a covered market in Spitalfields , London. There has been a market on the site for over 350 years. In 1991 it gave its name to New Spitalfields Market in Leyton , where fruit and vegetables are now traded. In 2005,

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240-617: The last three of the once 26 open outcry pits were permanently closed. The design of LIFFE CONNECT made it possible for customers to choose which trading software they would use. LIFFE intended that this flexibility would encourage traders around the world to link to the exchange. And, by the beginning of 2002, customers in 25 countries around the world were trading on LIFFE. This completed a revolution in LIFFE's business: whereas traders had once had to come to LIFFE; now, through LIFFE CONNECT, LIFFE took its market to its customers wherever they were in

260-479: The late 20th century, there was a dispute between the owners, the City of London Corporation and local residents about the redevelopment of the 1926 market extension at the western end. The Corporation won, and now a Norman Foster -designed office block surrounds the western side of the site, after two-thirds of the historic market were rebuilt to include restaurants, shops and a large indoor arts and crafts market, called

280-669: The market and its refrigeration systems in use between 1928 and 1930. In 1991 the wholesale fruit and vegetable market moved to New Spitalfields Market , Leyton, and the original site became known as Spitalfields Market. The market stalls were redesigned by architects Foster and Partners for Old Spitalfields Market in October 2017. Being at the centre of a revival in the area, the eastern end of Spitalfields retained its old charm in Horner Square and Horner Buildings, which are Grade II listed buildings . The Victorian buildings and

300-410: The market hall and roof have been restored and Spitalfields is now one of London's major markets. The market square is a popular fashion, arts and crafts, food and general market, open seven days a week, but is particularly busy at weekends. Operationally, the area is run as two adjacent marketplaces: Old Spitalfields Market to the east, and the 1926 extension of Spitalfields Market to the west. In

320-854: The removal of currency controls in the UK in 1979. The exchange modelled itself after the Chicago Board of Trade and the Chicago Mercantile Exchange . It initially offered futures contracts and options linked to short-term interest rates. In 1993 LIFFE merged with the London Traded Options Market (LTOM), adding equity options to its product range. This is when it changed its name to the London International Financial Futures and Options Exchange . In 1996 it merged with

340-613: The title London International . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=London_International&oldid=1179758602 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages London International Financial Futures and Options Exchange The London International Financial Futures and Options Exchange ( LIFFE , pronounced 'life')

360-759: The world. Seeing LIFFE CONNECT's potential, the Blackstone Group and Battery Ventures invested £44m in Liffe to finance the commercial development of the trading platform so that it could be sold to other exchanges. Liffe went on to sell the technology to three exchanges, TIFFE (now renamed the Tokyo Financial Exchange ) (2001), the Chicago Board of Trade (2003) and the Tokyo Stock Exchange (2008). Early in 2001 LIFFE said that it had returned to profit. In September that year

380-531: Was a futures exchange based in London. In 2014, following a series of takeovers, LIFFE became part of Intercontinental Exchange , and was renamed ICE Futures Europe . Euronext acquired LIFFE in 2002, and were then in turn taken over by NYSE in 2007, to form NYSE Euronext . In the same manner, Intercontinental Exchange then purchased NYSE Euronext in 2013. The London International Financial Futures Exchange (LIFFE), established by Sir Brian Williamson started life on 30 September 1982, to take advantage of

400-493: Was used in after-hours trading when the trading pit was closed. LIFFE now developed a new trading platform, LIFFE CONNECT, for all trading, including the exchange's range of short-term interest rate derivatives contracts. After the creation of the euro in 1999 the exchange won the lion's share of trading in euro-denominated short-term interest rate derivatives – the EURIBOR contract. On Friday 24 November 2000, at 5 pm,

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