New lease of Liffe for Swapnote

Euronext Liffe last week announced a designated market maker (DMM) scheme for its Euro Swapnote options contracts. Member firms were notified in a circular sent on 6 August that the scheme will run until 30 June 2005 and applies to each of the exchange's two-, five- and ten-year contracts.

DMMs will benefit from fee-free trading of the option contracts in return for providing two-way competitive prices and...