Sun Sets On Aurora As CBOT, CME Agree To Use Globex For After-Hours Trading
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Reuters Holdings PLC and the Chicago Mercantile Exchange have won the civil war of electronic after-hours trading systems. The Chicago Board of Trade has elected to use the Globex network and electronic order-matching system, leaving its Aurora pit-simulation system in an undefined secondary role.
The two exchanges presented a plan to Reuters, the CME's partner in Globex, for a system utilizing the Globex network and technology. The agreement in principle co-announced by Reuters, the CME and the
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