Globex Finally Goes Live As CME Plans New Floor
PROPRIETARY EXECUTION
The Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT) and Reuters finally launched Globex late last week. But Globex officials and market participants aren't betting that the electronic futures and options order-matching system, which opened on 145 screens in the U.S. and 65 screens overseas Thursday, will soar straight out of the gate -- or, for that matter, replace open outcry.
In an interview in New York, Globex Corp. chairman Leo Melamed insisted that critics give the
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