CBOE Market-Makers To Use IBM PS/2S To Price Options

THIS WEEK'S LEAD STORIES

Long a champion of technological advance, the Chicago Board Options Exchange now plans to pilot a PC Auto Quote system that will provide its market makers with updated quotes and analytics on IBM PS/2 50s. The exchange is hailing the project as a way to make it more competitive once bans on multiple listing of options are lifted in January (TST, June 5). For IBM, the project is an illustration of a strategic shift to front-end applications in a heterogeneous hardware environment, where Big Blue

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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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