The Chicago exchange has rolled out an electronic trading system of its own for some trades.
First, the exchange said it would acquire Archipelago, an electronic trading system.
The purchase made Instinet the biggest electronic trading system for Nasdaq stocks.
Shares of Oracle last traded at $9.27 on the electronic trading system Instinet.
In addition, London will adopt the Germans' electronic trading system, known as Xetra.
Perhaps most important, Mr. Seifert built up Xetra, the Deutsche Borse's electronic trading system.
Or it could mean an electronic trading system provided by a third party.
Today most trading is done via the exchange's Globex electronic trading system.
Volume on our electronic trading system, Project A, last year surpassed that of all competitors.
He said the firm's operations in London and New Jersey would enable its electronic trading system to operate.
In the year 2000, he worked with Chairman Rappaport to establish the Exchange's first electronic trading system.
