Increased Globex customer base key for ISV bottom lines
Chicago Mercantile Exchange (CME)'s intention to acquire
Chicago Board of Trade (CBoT) could lead to smaller, niche ISVs
suffering as they struggle to handle a multitude of contracts
on a single marketplace. Others, however, have said their
businesses would benefit from the increased number of users
connecting to CME's Globex electronic trading platform through
Under the takeover agreement, the exchanges said that all
contracts would trade on Globex, moving CBoT's existing
contracts over from its Liffe Connect-powered E-CBoT trading
system. One ISV said that the CME/CBoT and Deutsche
Börse/New York Stock Exchange deals, the latter of which
could lead to equities sharing the same platform as
derivatives, highlighted the increasing importance for ISVs to
be able to deal with an unprecedented number of contracts
running on one exchange.
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.