| Sumario: | Globex, the round-the-clock futures and options trading system founded in 1992 by British news and information company Reuters and U.S. futures exchanges the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), is struggling to stay in business. Last month, the CBOT decided to quit the system. In addition, on May 17 the London International Financial Futures and Options Exchange turned down a chance to join the system. Additional candidates for Globex membership are not forthcoming, because Globex still has 2 handicaps: It is primitive and cumbersome to use. Only about 4,000 CME contracts a day are traded on the system, far short of the 25,000 that Reuters had been hoping for.
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