Globex Test Reveals Problems With Network's Nodes

THIS WEEK'S LEAD STORIES

The Globex trading system ran into what one industry source close to the project called a "major problem" during an internal test last month, raising the prospect of further delays in the system's startup. A second round of internal tests, scheduled for mid-February, was scrubbed, sources close to the project add, for a variety of reasons relating to test-site availability and problems during the first test.

Globex is the Chicago Mercantile Exchange's proposed electronic system for the trading of

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