Page 9 - Futures Money Machine-Study Session #2
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Futures Exchanges
Electronic trading
Operating virtually around the clock, today the CME Globex trading system is at the heart of CME. Proposed in
1987, it was introduced in 1992 as the first global electronic trading platform for futures contracts. This fully
electronic trading system allows market participants to trade from booths at the exchange or while sitting in a
home or office thousands of miles away. On 19 October 2004, the one billionth (1,000,000,000) transaction was
recorded.
When Globex was first launched, it used Reuters' technology and network. September 1998 saw the launch of
the second generation of Globex using a modified version of the NSC trading system, developed by Paris
Bourse for the MATIF (now Euronext).
To connect to Globex, traders connect via Market Data Protocol (MDP) and iLink 2.0 for order routing.
