Chicago Mercantile Exchange (CME) traded its 1 billionth
contract on the Globex platform last Tuesday.
The milestone illustrates just how far CME has come with its
electronic trading programme since its launch in 1992. Of that
1bn, 40% of all trades on Globex occurred this year alone. By
year-end, more than half of all electronic trading on Globex
will have taken place in 2004, CME said.
Jim Krause, CME chief information officer, told FO
Week that the big push onto Globex came when CME put
e-mini S&P 500 futures on the system in 1997.
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