Published: 4 August 1998 06:05 GMT
The Chicago Board Brokerage has put the brakes on its electronic trading system for US Treasury Securities. The news comes less than a week after the Brokerage's parent - The Chicago Board of Trade - announced plans for an electronic trading system for its derivatives exchange.
The Brokerage trading system, which was due to launch last Friday, will not now go online for another seven weeks. Customers had complained they did not have enough time to integrate their systems with the exchange's trading system.
A company spokesman said: "Several customers asked us to delay the launch, saying they were not ready. Customers said they had been too busy with other operations and they hadn't got around yet to installing the client software for the trading system."
The Chicago Board of Trade insisted the Side-By-Side system that was announced last week is still on track to be launched by the end of September.
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