Reuters, CME Sign Globex Agreement; Leaves Room For Other Vendors, Exchanges


Reuters Holdings PLC and the Chicago Mercantile Exchange finally signed an agreement last month governing the after-hours electronic trading system they plan to jointly develop, but the system differs from one announced nearly a year ago.

What was originally called Post (Pre) Market Trade has been re- christened Globex -- for the Global Exchange. More importantly, Globex provides a wider role for other vendors and exchanges than PMT did.

The CME became the first U.S. futures exchange to

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