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March 24, 2000
ELECTRONIC TRADING WEEK
from Wall Street & Technology
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IN THIS ISSUE
(scroll down for summaries)
---> CME Eyes E-Business, Restructures Management; CIO Jenks and COO Beyers
Quit
---> New Commodities Exchange on the Horizon
---> Fimat Goes Live with Exchange Gateway
---> BOTCC Rewrites Software for CBOT/Eurex, Rejects Potential
Cross-Margining Link
---> IN BRIEF
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IN THE NEWS
CME EYES E-BUSINESS, RESTRUCTURES MANAGEMENT; CIO JENKS AND COO BEYERS
QUIT
In the wake of the resignations, President/CEO Jim McNulty creates a new
management team of nine managing directors, who'll represent each of the
disciplines the exchange covers. McNulty discusses how the new structure
will take advantage of e-commerce opportunities.
For the full story, click on
http://www.wstonline.com/mfwt/parse.html?page=showarticle&aId=42085
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NEW COMMODITIES EXCHANGE ON THE HORIZON
Several large U.S. and European financial institutions join forces to
launch an Internet-based electronic marketplace for over-the-counter
commodity products that is expected to launch this summer.
For the full story, click on
http://www.wstonline.com/mfwt/parse.html?page=showarticle&aId=42086
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FIMAT GOES LIVE WITH EXCHANGE GATEWAY
The European brokerage subsidiary of Societe General launches Fimatrade,
a front-end workstation targeted at the broker's institutional investor
clients. The firm also discusses plans to link to the electronic trading
platforms of several exchanges by the end of the year.
For the full story, click on
http://www.wstonline.com/mfwt/parse.html?page=showarticle&aId=42087
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BOTCC REWRITES SOFTWARE FOR CBOT/EUREX, REJECTS POTENTIAL
CROSS-MARGINING LINK
Planned switch to Eurex trading engine means the Board of Trade Clearing
Corp. will need to tweak its internal system to account for differences
in the way its incumbent system (Project A) and the Eurex engine present
trades.
For the full story, click on
http://www.wstonline.com/mfwt/parse.html?page=showarticle&aId=42088
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IN BRIEF
Organizational changes at LIFFE; Neovest completes first round of
financing; a new vice chairman of fixed income and derivatives at Credit
Suisse First Boston. To get a quick roundup of the people, places and
events making news in electronic trading, click on
http://www.wstonline.com/mfwt/parse.html?page=showarticle&aId=42089
***************FREE CUSTOMIZED REPORT****************
Wall Street & Technology has teamed up with AnswerThink to conduct an
industry e-business study. Participate and receive a customized report
that confidentially ranks your firm against others within the financial
services industry. For more, click on
http://benchmarking.answerthink.com/wallstreetandtechnology
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