Stuck in the pits
Article Abstract:
Electronic trading is likely to dominate futures dealing, but neither the Chicago Board of Trade or the Chicago Mercantile Exchange appear able to move to electronic trading. Most business is reserved for floor traders at the Board of Trade. The spread of electronic trading in Europe makes the electronic threat appear more serious in Chicago. Competition could come from a link between the New York Cotton Exchange and Cantor Fitzgerald. Other ventures could follow if this venture is not successful.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Future imperfect
Article Abstract:
The Chicago Board of Trade (CBOT) spent $182 million on a technologically sophisticated trading floor, and the Chicago Mercantile Exchange (CME) likewise has lavished healthy sums on automation. Still, both exchanges have retained paper-based trading practices, which critics say are inefficient.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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The big fight
Article Abstract:
The Board of Trade (CBOT) and the Mercantile Exchange (CME) have expanded their continuous market-share battle to emerging-market futures. CBOT has been opening exchanges in Taiwan and elsewhere, while CME lists emerging- market futures on its own board, so far a more successful strategy.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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