HISTORIC PRESS RELEASE : UK recognises NASDAQ LIFFE, LLC futures exchange [August 2001]

The press release issued by HM Treasury on 22 August 2001.

Ruth Kelly, Economic Secretary to the Treasury, today announced UK Government recognition of Nasdaq LIFFE, LLC Futures Exchange, which meets the criteria laid down in the Financial Services Act 1986.

Welcoming the decision Ruth Kelly said:

“I am pleased that Nasdaq LIFFE, LLC Futures Exchange has satisfied the criteria in the Financial Services Act and look forward to it opening for business in the UK. Today’s decision is further recognition of London’s status as a leading international financial centre.

UK investors can now directly trade on the  US Exchange using screens based in London. The advantages include wider choice and greater convenience, and demonstrates that London is both a competitive and efficient place in which to do investment business.”