CBOT Gripes Halt Progress Of US Bond Futures Proposal From NYCE, Cantor
ELECTRONIC TRADING
NEW YORK--The efforts of the New York Cotton Exchange (NYCE) and interdealer broker Cantor Fitzgerald to establish an electronic futures market for US bonds, dubbed the Cantor Financial Futures Exchange (CFFE), have run into delays prompted by the Chicago Board of Trade (CBOT), the target of the new system.
Announced last September, the NYCE and Cantor signed agreements to collaborate on the creation of a new electronic futures exchange. The agreement would use electronic matching technology from
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