Rules of the London International Financial Futures Exchange Limited Object of the Market

Abstract

The object of the market shall be to provide facilities for members and their clients to hedge against future changes in interest rates, foreign currency rates of exchange and the price of equity stocks, in particular to protect themselves against the possible adverse consequences for them or their businesses of such changes. It shall be the responsibility of each member to ensure so far as practicable that the facilities are used for purposes which are consistent with this object. The Board shall have power to regulate the market so as to ensure, inter alia, that the facilities are not used for purposes which are inconsistent with the object of the market.