The London Internation- al Financial Futures and Options Exchange (LIFFE) is investing some 100 million ($162 million USD) over the next year to upgrade its core systems and automate links between its floor traders and their back-office operations, according to Karin Forseke, LIFFE's chief operating officer.

Forseke says that despite reports to the contrary, LIFFE is keeping its open outcry trading system. "We are firmly continuing and supporting (it), and we're doing that by providing the technology on the floor," she says.

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