After an extended period of bidding, IBM was chosen from among four finalists to install the new Centralized Price Reporting System at the Commodities Exchange Center in New York last week. The new system, which uses System 88 hardware and redundant Token Ring network technology, will replace the system designed by Quotron Systems Inc. that has been in use at the CEC since 1966.
Quotron was among the final bidders for the new CPR system. The Chicago Mercantile Exchange and Logica Systems Inc.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails