Exchange of the year: NYSE Liffe US

Risk awards 2012

Tom Callahan

As the story of David’s victory over Goliath illustrates, it has long been accepted that taking a giant on in a test of strength is not a great idea – the challenger has to be smart, instead. That lesson lies at the heart of NYSE Liffe US’s attempts to establish itself in the market for interest rate futures trading, which is dominated by CME Group. “Customers were thrilled about a new exchange introducing credible competition, but they also said “don’t mak

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