London International Financial Futures and Options Exchange is creating LIFFE.com, a new business grouping its technology-based activities. The success of the LIFFE CONNECT electronic trading system has led LIFFE executives to believe that ‘‘its potential exists far beyond LIFFE’s products and indeed derivatives,’’ according to LIFFE Chairman Brian Williamson. The LIFFE board concluded that the development of the firm’s own trading and processing systems requires separate management attention.
‘‘We really have two businesses within LIFFE, and it is our intention to exploit them separately,’’ said Mr. Williamson. ‘‘The technology-based activities will be grouped together under the name LIFFE.com, and we see the structure and growth of this business being highly dependent on partners we wish to involve.’’
He said LIFFE is currently in preliminary discussions with organizations that have approached it and with others with which LIFFE has initiated contact.
