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LIFFE Value Up 53% Year-To-Date

Date 02/11/2001

The London International Financial Futures and Options Exchange (LIFFE) traded £78 trillion worth of business year-to-date, up 53% for the same period in 2000, having already exceeded the total value traded for the whole of last year by the end of September.

Average daily nominal value amounted to £399 billion *(€638 billion) in October and a total value of £9,178 billion *(€14,684 billion) for the month.

Year-to-date trading volume is up 61% on the same period in 2000. The Exchange traded 21.3 million futures and options contracts in October, an increase of 101% on the same month last year, representing an average daily volume of 927,523 contracts.

The Exchange's individual equity options set new monthly trading records in terms of value and volume, trading 1.4 million contracts, up 104% year-to-date, with a value of £5.4 billion for October. Equity products in total traded 4.2 million contracts, up 60% year-to-date.

Volume in LIFFE's short term interest rate products was up 96% on the same month last year. LIFFE's flagship contracts, the Three Month Euribor futures and options, have traded 91.7 million contracts year-to-date up 64% on the same period last year.

LIFFE's Chief Executive, Hugh Freedberg said "Distribution of LIFFE CONNECT™ has now reached 462 sites in 25 countries across all major time zones. LIFFE CONNECT™ is now being accessed from more dealing rooms internationally than in the U.K."

Total exchange open interest reached an all time high of 11,786,774 on 31 October 2001.

* conversion rate taken as £1 = €1.6