Brussels move done, profits up

31 Mar 2003

Euronext Liffe said last week it had successfully completed the migration of the Brussels derivatives market to Liffe Connect and Clearing 21.

The new systems went live last Monday, and feedback from the first three days was positive, according to Liffe's integration project director Simon Chapman.

Euronext chairman...

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"For exchange-traded derivative markets, the monopoly of middle and back office providers is likely to be challenged. Historically, the three incumbent providers have been largely unchallenged due to widely held fears of ‘migration risk’."

Clive Furness, MD, Contango Markets