Telerate And CME Near Pact On Order-Routing Via Arena
THIS WEEK'S LEAD STORIES
Telerate Systems Inc. is deep in negotiations with the Chicago Mercantile Exchange to connect its Arena order-routing service to the Merc's TOPS order-routing service. Technical details were not revealed, but the arrangement would ostensibly permit orders for CME products to be entered on Telerate terminals.
"We hope to close the deal very soon," said Roy McInnis, assistant vice president at Telerate, speaking at the National Options & Futures Society annual conference in New York. Arena already
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