CBoT can't seem to help courting controversy with its
electronic platform. You'd think with only months to go before
it flips the switch on Liffe Connect, the exchange could see
out the remaining life of Ace with relative ease.
But if there's one thing CBoT can't seem to do without
raising a fuss, it's electronic trading. That's not to say that
they can't do it well, just that the constituency of members is
so diverse and divided on the issue that any decision risks
upsetting somebody somewhere. Witness the decision reported in
last week's issue to introduce new mini-agriculture products
only in open-outcry, and now the decision to disable the
autolegging functionality for the flagship 10- and 30-year
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