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Article: Evening Standard, London, Angus McCrone Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 26, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Angus McCrone, Evening Standard, London Knight Ridder/Tribune Business News
Feb. 26--Under the eye of Peter Green, a roomful of traders in Islington move in and out of European interest rate futures, some individuals occasionally having up to UKpound 100 million at theoretical risk.
This speculative activity by so-called "liquidity providers" is a vital element in one of the City's lowest-profile, but most notable, success stories of recent years.
Even though Britain has remained outside the European single currency since its inception in 1999, London -- and specifically the Liffe exchange -- has become the dominant location for ...