LSE eyes FTSE futures trading

The London Stock Exchange is forging ahead with a plan to challenge the dominance of NYSE Euronext's Liffe and Deutsche Boerse's Eurex by expanding its futures trading business. The exchange said yesterday it will start trading FTSE 100 index futures, subject to regulatory approval, in the first week of June, a direct challenge to its domestic rival Liffe, the main FTSE futures exchange. The June launch will mark a milestone for the LSE which has been working hard in the past two years to diversify its revenues.