Court rules Eurex anti-trust suit should be heard
Chicago Board of Trade (CBoT) last week announced upgrades
to its electronic trading platform and an exchange fee
The upgrades, which have been scheduled for 9 October,
include order book management designed to help firms oversee
the entirety of their risk exposure across multiple users. Stop
orders will be introduced at host level and nine new
inter-commodity spread strategies for financial products will
CBoT also planned to move its E-CBoT electronic trading
platform, which is powered by Liffe Connect, from London to
Chicago and expand electronic trading hours. Interest rate,
equity index and metals products will be available to
electronic market users for an additional hour each day,
bringing the trading day to 22 hours.
The exchange also announced it will be raising exchange fees
beginning 1 October, a move that has several ramifications as
the exchange heads toward its IPO. Non-members, also known as
level three accounts, will pay 45 cents per Treasury contract,
up from 30 cents. Prices for individuals trading for a
member-owned account or firm-owned seat, known as level one,
will see exchange fees on E-CBoT rise to five cents per
contract from three cents.
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