FX Week

Chicago Exchanges, Reuters Set For January Tests, Final Pact Soon?

TECHNOLOGY

The Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBT) and Reuters Holdings PLC plan to begin client-site tests of Globex January 29, followed by an expanded test February 20, a CME spokesman confirms. Successful tests could pave the way for a final legally binding agreement within the next six weeks, a source close to the project notes. The system is expected to be launched within six months of the contract signing, these sources say.

The new schedule suggests a slight delay

To continue reading...