Nasdaq would use Liffe's computer system - called Connect - to trade the futures contracts electronically.
The jewel in this merger is Liffe, originally the London International Financial Futures Exchange.
LIFFE, London's futures exchange, has felt just as left out as have Europe's other stock exchanges.
LIFFE, have progressed from offering electronic trading after hours to doing so during the day.
LIFFE, and has usurped its dominance of Europe's benchmark bond contract, the German bund future.
Euronext also suggested that Liffe, London's independent derivatives exchange, might co-operate with the new Euronext.
LIFFE, the futures exchange, has seen its busiest contracts melt away to Eurex, its cheaper Frankfurt-based rival.
Liffe, a group responsible for a combined volume of 2.8 billion futures and futures options contracts last year.
LIFFE, which had been in the process of building a shiny new trading-floor, has become an electronic exchange.
If institutions moved en masse to Liffe, it would be extremely difficult for the Merc to lure them back.
While Duffy won over traders, Donohue worked a legal angle. jpmorgan planned to move its Eurodollar trading to Liffe.
LIFFE's chief executive, quit on July 21st, as did Jack Wigglesworth, its chairman.
America's derivatives regulator has allowed Liffe and Eurex, another derivatives exchange, to install their screens in the United States.
However, to create this option structure one will have to run the positions via the Euronext or LIFFE Connect portal.
Nasdaq, the US technology market has partnered with the London International Financial Futures and Options Exchange (Liffe) to sell single-stock futures.
Eurodollars were still trading on the floor in the open outcry system, and a Parisian interloper called Euronext Liffe saw an opening.
London's derivatives exchange, LIFFE , announced a strategic partnership with the Chicago Mercantile Exchange , including the cross-trading of each exchange's products.
The main driver: competition from Euronext.liffe, the all-electronic exchange from the Continent.
More by luck than judgment, Liffe also launched the Swapnote in March.
Volume on NYSE Euronext's Liffe futures market rose nearly 50% in January, but fourth-quarter profit fell 75% on sluggish equity and derivatives business.
He may even be seeking to make their roles indistinguishable, by merging Garban with Liffe, in which it has built up a 4.5% stake.
Meanwhile nyse is pitching futures through Liffe, which it now owns.
LIFFE's new electronic trading system, due to go online next summer.
Liffe launched a similar product, too early, in October 1998.
Within a few years Euronext Liffe would merge with the New York Stock Exchange, and the Merc would come to terms with a historic rival, the Chicago Board of Trade.
Quite why Euronext should be able to promise so much more is hard to see although it will be able to capitalise on its foothold in London, having bought Liffe, the London derivatives market, three years ago.
"The strength of Nasdaq's brand and its pre-eminent position in the US equity market will make our single-stock futures offering a compelling choice for both retail and institutional customers in the US, as well as in Europe and beyond, " said Liffe chairman Brian Williamson.
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