Sentence examples for electronic futures exchange from inspiring English sources
Just last week, trading began on the Cantor Exchange, the first electronic futures exchange in the United States.
While R.B.C. portrayed the trades as legitimate to OneChicago, an electronic futures exchange, the trades were designed and controlled by "a small group of senior R.B.C. personnel".
"I've seen guys mount a sophisticated trading operation in a place like Milwaukee but Canadian, Texas, is another matter," said William Rainer, a former chairman of the Commodity Futures Trading Commission and currently chairman and chief executive of OneChicago, an electronic futures exchange, who recently visited Mr. Abraham's office.
And in the United States, the Board of Trade of New York -- a result of a recent merger of the New York Cotton Exchange and the Coffee, Sugar and Cocoa Exchange -- is working with Cantor Fitzgerald, a Wall Street brokerage firm, to create an electronic futures exchange that would compete with the Chicago Board of Trade.
With the creation of a German-Swiss electronic futures exchange, Liffe has been caught up in such competition between European exchanges in advance of the January introduction of the euro, the single European currency, which will change European trading by creating huge bond and stock markets denominated in the new currency.
And Globex and other electronic futures exchanges have had very little impact.
But the Iowa Electronic Markets, a futures exchange run by the University of Iowa business school, proved better at predicting the results of the last four presidential elections than 75percentt of the 600 polls conducted during that period.
That White Paper, entitled, "Preliminary Design for an Electronic Market," written for the Pacific Commodity Exchange, was the world's first written conceptualization of a fully electronic, for-profit futures exchange.
Cantor Fitzgerald, the dominant inter-broker bond-dealer, had launched eSpeed, an advanced electronic bond-futures exchange.
OneChicago is currently the only regulated exchange for trading single-stock futures in the U.S. OneChicago operates an all-electronic securities-futures exchange, jointly regulated by the Securities and Exchange Commission and the Commodity Futures Trading Commission.
With such fierce competition for their custom, the big trading banks, which mutually own BOTCC and BrokerTec Futures Exchange, an electronic platform, may try to foster a market in which they can direct their trade to any clearing house they choose, in order to reduce their dependence on exchanges with captive clearing and settlement systems.
