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Algo traders discontent with new Liffe matching system

by Colin Packham, Sydney

The algorithmic trading community has hit out at Liffe’s new matching system in claiming it leads to opaqueness in the market and increased problems. The changes to the system have also led some traders switching their trading of Liffe’s Euribor contract over to CME Group’s Eurodollar contract.“We preferred the old system,” said one algorithmic...

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