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Liffe Scales Back Tibco Contract to 500 Due To Its Move To Electronic Trading

ELECTRONIC TRADING

LONDON--The London International Financial Futures and Options Exchange (Liffe) has scaled back dramatically its plans to roll out Tibco's The Information Bus (TIB) market data distribution platform and Marketsheet display software.

Following the exchange's decision to switch to electronic trading, the TIB will be implemented at only 500 positions--a far cry from the 3,000 positions originally expected, which would have made the Liffe contract Tibco's largest in Europe.

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