CBOT And CME To Procure Hand-Held Audit Device
THIS WEEK'S LEAD STORIES
The Chicago Board of Trade and the Chicago Mercantile Exchange have allocated $5 million to develop a hand-held trade-entry device intended to combat crime in the futures trading pits.
The joint committee for development of Automated Data Input Terminals (AUDIT) outlined procurement specifications for the terminal/transmitter at a bidders' conference last month.
Floor traders will be expected to enter trade details into AUDIT terminals immediately after each trade. Each exchange will have a
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