CBOT, CME To Test Audit By End Of Second Quarter

THIS WEEK'S LEAD STORIES

The Chicago Mercantile Exchange and the Chicago Board of Trade will begin testing their jointly developed handheld Automated Data Input (AUDIT) terminals late in the second quarter. One of three prototypes under consideration is currently being tested on a spare Merc trading floor by traders from both exchanges.

The development of the AUDIT terminals, which will provide an electronic audit trail of a user's trades, is an attempt to respond to a supposed public perception that fraud is rife in

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