Another benefit was the opportunity to convert a paper trail, confirming delivery of the company's goods, to an electronic platform because many of its buyers and suppliers already exchange data electronically.
An electronic platform makes it possible for many more members to remain directly involved in decisions".
When communication and information is centralised by technology on to one electronic platform Orwell's vision of control is realised.
"We're exploring how to use technology to have what we call a hybrid system that uses both an electronic platform and an exchange floor," Mr. Brodsky said.
Ms. Jagemann, chief executive of ECI2, added, "We have the first electronic platform to really bring the independent dealers up to speed".
The Chicago Board of Trade is planning a collaborative electronic platform with Deutsche Borse that will be based on Xetra as well.
Starting in March, a handful of products that are floor-traded in limited amounts will move exclusively to CME's Globex electronic platform.
A wireless programmable electronic platform for implantable monitoring of blood glucose level (BGL) was developed and preliminary tested on bench.
Its fledgling options operation, built on a newly acquired electronic platform, has already grabbed more than 10% of the American market.
One is the first step in the CBOT's switch of trading to an electronic platform run by Liffe Connect, which is owned by Eurex's European rival, Euronext.liffe.
We have an electronic platform that lets residents do business with us 24/7 on any device: pay rent, renew a lease, have anything fixed.
