Euronext.Liffe has successfully transferred all Amsterdam futures and options from open outcry trading to screen trading, completing its migration project three months ahead of schedule.
The pan-European exchange started the transfer from floor trading to screen trading for Amsterdam equity options in November 2001. The last phase of this, the migration of trading in options on the AEX index to screen trading, came into effect on December 9th.
Euronext says the shift to screen trading has resulted in a 79% increase in the number of contracts traded.
In order to give traders access to one standardised platform, Euronext is planning to transfer all derivative products on to its Liffe Connect trading platform. Belgian products are due to be transferred at 24 March 2003, to be followed later by French and Dutch products.