Future imperfect.
Despite recent efforts to modernize their facilities, Chicago's two exchanges, the Chicago Board of Trade and the Chicago Mercantile Exchange, can still be inefficient places to do business. The vast majority of customers' orders have to negotiate a bewildering array of middlemen to get to the floo...
| Publicado en: | Economist Vol. 342; pp. 73 - 75 |
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| Formato: | Artículo |
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Economist Newspaper Limited
February 1 1997
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=507557043&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507557043 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00130613 ECO jtl: Economist issn: 00130613 maglogo: N pubinfo: dt: February 1 1997 vid: 342 pid: 161 pub: Economist Newspaper Limited artinfo: ui: 507557043 ppf: 73 ppct: 2 formats: tig: atl: Future imperfect. aug: su: Chicago Board of Trade Investments -- Data processing sug: subj: Chicago Board of Trade Investments -- Data processing keyword: Chicago Board of Trade -- Information systems Chicago Mercantile Exchange -- Information systems ab: Despite recent efforts to modernize their facilities, Chicago's two exchanges, the Chicago Board of Trade and the Chicago Mercantile Exchange, can still be inefficient places to do business. The vast majority of customers' orders have to negotiate a bewildering array of middlemen to get to the floor, and although the two Chicago exchanges have wrestled with using computers to pipe orders onto the trading floor, less than 10 percent of orders are carried in this way. In addition, the two exchanges have failed to cooperate sensibly with each other. Furthermore, the brokers and traders themselves have made matters worse: Not all traders are happy with the transparency that automation will bring, and more efficient markets will eventually put more brokers and traders out of work. pubtype: Periodical doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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