Chicago Board of Trade (CBoT) said last week that it had
significantly reduced busted trades on the exchange using the
dynamic price limit functionality on the Liffe Connect
electronic trading platform.
In the first three months of this year - the first quarter
following full migration to Connect - CBoT reported 16 "unique
incidents" on its electronic platform, resulting in 61 busted
trades. These figures contrasted favourably with their
equivalents from the first quarter of 2003, when 61 unique
incidents led to 491 busted trades.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.