LOOSE CHANGE
LOOSE CHANGE
The Chicago Mercantile Exchange last week sent its Futures Commission Merchants a letter saying that "installation of Globex order-entry terminals had begun." The letter said: "Our plan is to have approximately 250 terminals in place soon [in N.Y., Chicago and London]. At that time, systemwide testing will begin." The letter told the FCMs that initially the terminals will carry test data, including artificial quotes, prerecorded news and simulated network and terminal failures. "The complexity
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