The Liffe Guardian system, scheduled for launch in Q1 2008, will see the introduction of a fully automated, functionally rich, web based platform which will provide paperless commodity administration. The new Liffe Guardian system will introduce electronic warrant (eWarrant) functionality to Liffe's Robusta Coffee and Cocoa markets for the first time, replacing the current physical warrants and providing administrative efficiencies during the tendering and delivery process.

Hugh Freedberg, CEO of Liffe, commented: "These significant improvements and our investment in the new system underline Liffe's commitment to its growing Commodity business. The Liffe Guardian commodity management system which includes electronic warrant functionality will provide our customers with both cost and process efficiencies, allowing the market to continue its strong growth."

Simon Chapman, Executive Director, Derivative Technology Services at Liffe, commented: "The combined expertise of Kynetix, who will develop the new applications, and AEMS as system hosts allows us to offer our customers a superior level of security and support. In addition, the new system has been designed to be fully flexible therefore allowing us to make necessary contract changes depending upon market demand."

Liffe offers a broad range of Commodity futures and options contracts: Cocoa, Robusta Coffee, White Sugar, Raw Sugar, Feed Wheat, Rapeseed, Rapeseed Oil, Milling Wheat and Corn.