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Liffe scraps half tick on short sterling futures


Liffe’s three month Libor future, known as the ‘short sterling’, will switch back to a minimum price change of one basis point, known as a full tick, from February 23.

In March 2008 the exchange introduced half tick increments on the contract. Liffe said that the half tick’s introduction and abandonment had both been requested by the majority of short...

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