CBOT, CME, Reuters Announce Tentative Globex Agreement
THIS WEEK'S LEAD STORIES
Reuters Holdings PLC, the Chicago Mercantile Exchange and the Chicago Board of Trade announced that they had reached agreement on a letter of intent regarding the Globex electronic futures-trading system, resolving all substantive issues toward the completion of a 20-year contract. The announcement appeared to be aimed at further reassuring prospective participants and Reuters shareholders that the long-delayed system will debut this year.
Globex is a time-price priority order-matching system
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