Monday, 19 November 2012

LIFFE Open Outcry Trading in the 1980's

This short documentary explains what the old LIFFE (London International Financial Futures Exchange - now a part of NYSE Euronext) was and how it worked. The LIFFE was established in 1982 at the Royal Exchange in The City of London in order to facilitate trading of currency futures and other financial derivative contracts; later expanding into a broader range of commodity futures. This documentary outlines the key players in the market, how the market operates, and why people use it e.g. for hedging or managing financial risk exposures. The documentary also provides a look back at the old mode of trading called 'open outcry' - where trading was all done by humans; whereas nowadays most stocks and futures exchanges are electronic: for more on the modernisation of financial exchanges see Floored

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