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EUREX is great but my English speaking friends think it
sounds like something to do with urology....kinda puts you off.
At 05:58 PM 08/17/1999 +0200, hans esser wrote:
dont worry - you all can STILL trade bunds
(more volume than
bonds anyway) or other futures, since nearly ten years at the fully
electronic and FULLY working EUREX (no1. worldwide futures
exchange) :-)))
rgds hans
> August 16, 1999 Number
377
>
>
> To: Project A Managers, Project A Terminal Operators, Master
Terminal
> Operators, and Members
>
> Subject: Project A Update
>
>
> The following is a letter from President Donovan to CBOT
members
> updating them on the Project A situation.
>
>
> Dear Members:
>
> Following the intermittent MCI WorldCom network outage that shut
down
> Project A throughout much of last week, Project A trading resumed
as
> scheduled last night at 6:00 p.m. with our full emergency backup
plan
> and the MCI WorldCom network. Project A trading terminals
worldwide are
> now functioning normally.
>
> Throughout last night, our emergency backup Project A trading plan
was
> in place in case the MCI WorldCom network failed again. This
backup
> plan was a financial and logistical hardship for some of our members
and
> member firms, but it ensured ongoing trading opportunities for
Project A
> users affected by the MCI WorldCom outage.
>
> In my phone call to MCI WorldCom CEO Bernard Ebbers this morning,
he
> informed me the MCI WorldCom network is 100 percent reliable for
Project
> A trading. Over the weekend, MCI WorldCom shut down its data
network
> and reverted to a prior version of system software - essentially
taking
> its system back to ground zero. This was a drastic
measure,
> highlighting the severity of MCI WorldCom's customer service
plight.
> However, the positive results of MCI WorldCom's work over the
weekend
> demonstrate they appear to have taken an important step toward
resolving
> their problem. Therefore, based on MCI WorldCom's assurances
and the
> concerns of our member firms relating to the hardships and
additional
> costs of the backup trading plan, we are disengaging our backup
plan
> today.
>
> The CBOT has been proactive in dealing with the MCI WorldCom
network
> problems, beginning with my meeting with top MCI WorldCom executives
two
> days before the first outage occurred and subsequent discussions
with
> CEO Bernard Ebbers. We remain in constant communications with
MCI
> WorldCom to monitor network activity, and special procedures are
in
> place to ensure Project A continues to be a major priority for
MCI
> WorldCom system engineers.
>
> This MCI WorldCom outage has been frustrating for CBOT members
and
> customers around the world, and we appreciate your patience
and
> understanding. I will keep you updated on further
developments.
>
> Sincerely,
>
>
>
> Thomas R. Donovan
>
>
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