NYMEX Looks Beyond Globex And Pilots ATS/2 System

THIS WEEK'S LEAD STORIES

Remaining true to its promise to explore automated trading alternatives to Globex (TST, June 19), the New York Mercantile Exchange has agreed to pilot the ATS/2 trading system developed by the International Commodities Clearing House, a U.K.-based software company.

The ICCH will supply the NYMEX with at least three versions of the ATS/2 system, including those used by the London Futures and Options Exchange (FOX) and the the Irish Futures and Options Exchange (IFOX). The ICCH will also customize

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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