Aurora's Rising With CBOT Plan For Electronic Trading

THIS WEEK'S LEAD STORIES

The Chicago Board of Trade is seeking membership approval for a plan under which various cash commodities and low-volume futures and options contracts would be traded on a Chicago- area electronic order-matching system run by the CBOT, possibly in conjunction with the Chicago Mercantile Exchange. The proposed system, code-named Project A, was recently announced by William O'Connor, CBOT chairman.

The move, which had been rumored as long as nine months ago (TST, Nov. 5, 1990), would resurrect at

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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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