Automating Futures Markets: TST Interviews Tellefsen

THIS WEEK'S LEAD STORIES

In this issue, TST talks to Gerald Tellefsen about automation in the futures industry. During his 22-year career as a consultant, Tellefsen has done assignments for 10 exchanges. Prior to forming Tellefsen Consulting Group Inc. in 1984, Tellefsen was senior partner in Booz-Allen Hamilton Inc.'s securities industry group.

TST: Why have futures exchanges been slower to adopt automation than stock exchanges?

Tellefsen: Up until 10 or 15 years ago, futures exchanges were local and specialized.

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