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London Commodity Exchange
Formerly known as London Fox (London Futures and Options Exchange), the exchange was renamed London Commodity Exchange and was a futures and options exchange, dealing in soft commodities including cocoa, sugar, coffee, wheat, barley, potatoes and dry cargo freight futures that is, BIFFEX (Baltic International Freight Futures Exchange). BIFFEX was merged with the then London Fox in 1991. On 16th September 1996 the LCE merged with the London International Financial Futures and Options Exchange (LIFFE) where trades of the merged company are guaranteed by the London Clearing House (LCH).
Related Terms:
futures
London Clearing House
London International Financial Futures and Options Exchange
option
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