Stuck in the pits.

Chicago's two big futures exchanges, the Chicago Mercantile Exchange and the Chicago Board of Trade, are suffering because of their unwillingness to embrace electronic trading, where the future would appear to belong. Both exchanges are still dominated by thousands of floor traders shouting across...

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Bibliographic Details
Published in:Economist Vol. 348; no. 8075; p. 74
Format: Article
Published: Economist Newspaper Limited July 4 1998
Subjects:
Online Access:View this record in EBSCOhost
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        Chicago Mercantile Exchange
        Chicago Board of Trade
        Investments -- Data processing
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          Chicago Mercantile Exchange
          Chicago Board of Trade
          Investments -- Data processing
      ab: Chicago's two big futures exchanges, the Chicago Mercantile Exchange and the Chicago Board of Trade, are suffering because of their unwillingness to embrace electronic trading, where the future would appear to belong. Both exchanges are still dominated by thousands of floor traders shouting across crowded trading pits, and they use computers to trade future contracts only after their pits have closed for the day.
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