TST Talks To SFE's Hosking As Sycom Nears 1st Birthday

THIS WEEK'S LEAD STORIES

The Sydney Futures Exchange's automated order-matching system, Sycom, will be one year old in November. The SFE was once cited as evidence of Globex's global nature, and chief executive Leslie V. Hosking insists that he's keeping a light in the window for Globex. But while waiting for Reuters Holdings PLC, the Chicago Mercantile Exchange and the Chicago Board of Trade to unravel the Globex tangle, the SFE has successfully launched its own black box trading system. Sycom now has volume of about 1

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