Globex Glitch Grounds CME’s Eagle Platform
EXCHANGE TECHNOLOGIES
CHICAGO--The maiden flight of the Chicago Mercantile Exchange (CME) "Eagle" (Electronic Arbitrage Globex Liquidity Enhancer) platform has been delayed until October because of problems with Globex, the CME’s electronic trading platform, which supports Eagle.
Eagle, which was originally due to go live on July 14, will permit calendar spread trading on Eurodollar futures contracts, a procedure currently possible only in open-outcry floor trading. But the platform has been rescheduled because Globex
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