London International Financial Futures Exchange

The London International Financial Futures Exchange is commonly known as LIFE or LIFFE and was relaunched in April 2007 after a merger with the New York Stock exchange. The London International Financial Futures Exchange was modelled after the successful the Chicago Mercantile Exchange and the Chicago Board of Trade and deals in a range of commodity contracts as well as futures and options.

The London International Financial Futures Exchange was originally conceived by Sir Brian Williamson and established back in the last quarter of 1980, after which time it evolved into the largest futures exchange in the whole of Europe. However, the London International Financial Futures Exchange gradually went into decline and was eclipsed by other European exchanges such as the Deutsche Terminbörse (DTB).

In the near future, the London International Financial Futures Exchange is planned to shift its focus to electronic trading and is expected to expand into the Spitalfields Market area of London. The accredited traders that can be found working at the London International Financial Futures Exchange tend to earn extremely high salaries, although the earning potential of the support personnel such as the runners is significantly less. The floor staff at the London International Financial Futures Exchange can be easily recognised by the yellow jackets that are worn by the runners and the three letter IDs that are worn by all staff.

>> Read more about the other Commodity Trading Exchanges