Half of the total volume at Chicago's futures exchanges is
now traded electronically. With new records being set over the
past month across a range of products, 55% of July's volume on
Chicago Board of Trade came through the exchange's electronic
trading system, ACE (which is due to be replaced by Liffe
Connect at the end of the year), while Chicago Mercantile
Exchange reached just short of half its total, with 49% trading
The percentages have been growing steadily in the past
couple of years. The percentage of total exchange volume traded
through ACE at CBoT has climbed from 33% for the first half of
2002, to 50% for the first half of 2003, and 51% for
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