Liffe's APT May Set Precedent For Aurora With CFTC Ruling
THIS WEEK'S LEAD STORIES
A discussion with major implications for other electronic trading systems is being played out in Washington, DC, as the Commodity Futures Trading Commission struggles to come to terms with the London International Financial Futures Exchange's Automated Pit Trading system.
The CFTC has already told its largest constituent, the Chicago Board of Trade, that its Aurora system is rife with unanswered questions -- many having to do with various market manipulation possibilities. Yet LIFFE's APT system
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