London International Financial Futures and Options Exchange has...

London International Financial Futures and Options Exchange has successfully converted three-month euromark and eurolira futures and options into three-month euro libor futures and options positions, according to a LIFFE statement. LIFFE has converted a total of 3.3 million of the euromark and eurolira contracts into 1.4 million euro libor futures and options positions, with about 288,000 of the converted contracts offsetting each other.