Globex System is vexed by low trading volume, overseas competition and technological glitches

Article Abstract:

The Globex after-hours futures trading system is experiencing problems, including low volume, strong competition and technological difficulties. Globex, which began operating in Jun 1992, is a computerized joint venture of the Chicago Mercantile Exchange, the Chicago Board of Trade (CBOT) and Reuters Holdings PLC. Globex needs to attract institutional business to make its system pay but has been unable to do so. Banks, trading companies and insurance firms that use futures contracts send their orders to the biggest, most liquid markets available, which in off-hours are foreign markets. Moreover, Globex competes with Simex, which is an established market with good liquidity. In the past six months, Globex has been shut down three times by technical glitches, once for six hours.

Management, Commodity futures, Commodities, Futures, International markets, Program trading (Securities), Outlook, World Market, Electronic Trading System

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Akamai illustrates the brevity of Web start-up-to-IPO period

Article Abstract:

Akamai Technologies Inc. a fourteen month old company went public in October and now trades at 458% above the opening share price. In 1999, the company has had $1.3 mil in revenues on losses of $28.3 mil. The company makes a system that routes Internet traffic. High tech start-ups generally are going public earlier, in a market where the average IPO is up over 100% for recent months. Analysts worry that management of these companies is less experienced.

Prepackaged software, Investment Banking, Statistical Data Included, Computer software industry, Software industry, Internet software, Investment banks, Statistics, Securities, Akamai Technologies Inc., Going public (Securities), Initial public offerings, Company public offering

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Online brokers to customers: sober up

Article Abstract:

Since Internet stock are so quick to change and are fairly high risk now, online brokers are choosing a new advertising technique where the risks are made to be more realistic. Basically, they are telling us to be careful and be realistic about trading on the stock market.

Securities Dealers, Marketing procedures, Online services, Internet services, Advertising, Charles Schwab Corp., SCH, E*TRADE Financial Corp., EGRP

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