Two brokers working at the London International Financial Futures Exchange (LIFFE) have finished trading for the day and are resting chatting to colleages beneath a large old-fashioned dot matrix sign telling us the market's value at the close of business. They both wear orange jackets denoting their respective employers. They sit on the trading floor, otherwise known as the Pit where Derivatives, Options, Futures and their contracts are exchanged in a frenzy of arm and hand expressions which communicate prices and quantities. The LIFFE exchange was synonymous with Thatcherite capitalist money-making ethos in the City of London of the 80s and early 90s before the takeover by Euronext in January 2002. It is currently known as Euronext.liffe. Euronext subsequently merged with New York Stock Exchange in April 2007.
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