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What's Old Is New: Eurex to use souped-up a/c/e platform in U.S. push.

Securities Industry News

| September 15, 2003 | COPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Eurex, which has been long in announcements about invading U.S. derivatives markets but short on details, said it would use a loaded version of its scalable a/c/e platform to support its U.S. operations.

"For more than three years, we have operated one of the most successful electronic trading platforms for U.S. users," Eurex SVP Michael McErlean told the Bond Market Association's (BMA) seminar on "New Domestic Landscape for Financial Futures" last Tuesday. "More than 80 percent of the U.S. Treasury futures trade on our platform, the a/c/e technology, the same trading platform and network that we use in Europe, and it's the same platform that we will use for our new U.S. futures exchange."

Eurex's first foray into the U.S. scene was via its alliance with the Chicago Board of Trade (CBOT), which trades major U.S. interest-rate products on the German a/c/e platform. However, the CBOT called for an early end of the trans-Atlantic…

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Source: HighBeam Research, What's Old Is New: Eurex to use souped-up a/c/e platform in U.S. push.

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