What more can I say, we were told the industry was crying out for half ticks. having spoke to several big bank players in the market they said no to it. All the sterling locals said no to it.Liffe took the step and in a time when markets went wild ,volumes and open interest crashed. Instead of us locals doubling our size to counter the loss in tick value the effect had opposite affect..!!!!. It seems this half tick decision was really for the benefit of the black boxes. Even for non uk traders, the depreciation in the pound makes the Sterling pit even less attractive ( Â£6.25) , what American or European wants to trade it. On average its 50 lots a side with depth not really there just algo generated. Locals (me included)have and still are leaving it in droves I do hope they hurry through the full tick decision ASAP. or im afraid it looks like LIFFE BUND part2.......!!!!!!