23 October 2017
Find out more

CME brings forward performance upgrades for Globex

28 April 2004  |  1340 views  |  0

Chicago Mercantile Exchange Inc. (CME) today announced that performance upgrades to advance GLOBEX® response times and throughput originally scheduled for later in 2004 will be accelerated and implemented on Sunday, June 27 (trade date June 28).

These enhancements are driven by continued growth of Eurodollars on GLOBEX, up more than 360 percent in the first quarter of 2004 versus the same period last year.

A total of 811,443 Eurodollar futures contracts were traded April 21, 2004, on GLOBEX surpassing by 32 percent the previous record of 615,932 set on April 5, 2004. In April, CME is averaging nearly 390,000 Eurodollar futures on GLOBEX per day, representing nearly 30 percent of the total Eurodollar futures volume at CME month-to-date.

In addition to the performance upgrades that will be implemented, CME will also roll out other electronic interest rate trading initiatives, including FRA Switches and enhanced Eurodollar Options on GLOBEX. The release of implied butterfly spread functionality for Eurodollars on GLOBEX, previously scheduled for Sunday, May 16, 2004 (trade date May 17), is now scheduled for Sunday, September 5, 2004 (trade date September 6) to allow for the above upgrade and to provide sufficient time for CME and customer testing and deployment.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.com visit www.innotribe.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
17287 views comments | 22 tweets | 35 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14402 views comments | 22 tweets | 30 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10545 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10139 views comments | 13 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job