Published: 5 August 1998 06:05 GMT
The Chicago Board of Trade (Cbot) is expected to announce close ties with the Swiss-German Eurex derivatives organisation shortly. A source close to the situation told Silicon News that the adoption of a similar system for its 'side by side' electronic trading is likely.
The exchange voted to adopt electronic trading to run beside its open outcry trading pits by the end of September, and this system will be based on the exchange's Project A 'out of hours' trading network.
The company stated its intention to link Project A with Eurex last March, but the source revealed to Silicon News that the Project A APIs will not be released to third party software developers. Instead, it will mirror the existing Eurex systsm.
The source said: "It makes a lot of sense to go with the [Eurex] system. It is very good. Why throw development money at two separate systems?"
A spokeswoman denied the exchange has decided to go with Eurex, but refused to rule it out. "We are considering it," she admitted.
3rd Line Support, London, Electronic Trading A superb opportunity has been made available for an International based Electronic trading firm that are ...
Electronic Trading support administrator. Bloomberg/ Trade Web. Fixed Income.k Excellent opportunity to join a leading and innovative bank as an ...
Head of IT, Strategy, London, Electronic Trading A superb position has become available for an exciting and dynamic Electronic Trading consultancy in ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Data Protection Strategies: Deduplication for More Efficient Backups
Dell PowerVault DL2100 Powered by CommVault - Spec Sheet
True Convergence Demands a Communication Service Provider that Embraces a Customer-Centric...
Learn how Performance Metrics for Telcomm Expense Management Drive new ROIs and SLAs
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Mark Crichard Doing business with citizen developers: Beware the legal pitfalls Legal Eye: Make sure your business is protected from potential hazards
Tim Ferguson How CIOs can achieve post-recession success Q&A: McKinsey & Company on living in the 'new normal' business world