TECHNOLOGY

TECHNOLOGY

The Chicago Mercantile Exchange (CME), as part of a previously-reported (FXW, June 19) series of measures designed to boost lagging volume for its currency-related products, is developing a floor-based, large-lot automated order execution system based on the existing CME Universal Broker Station (Cubs) technology. The facility is scheduled for completion by year-end and will enable exchange members and their customers to obtain single-price anonymous fills for orders whose quantities exceed

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