FX Markets

In Search Of Globex; The Never Ending Saga Further Delays, Additional Testing Needed

EXCHANGES

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The launch date for Globex, the proposed electronic trading system from the Chicago Mercantile Exchange, the Chicago Board of Trade and Reuters Holdings PLC, has been delayed again, making it more than a year overdue. The launch is now set for the first quarter of 1991, revised from the expected November launch date set back in May.

The press release issued by the Globex partners cites additional testing, continued negotiations between the CME and the CBOT and approval by the CBOT board as the

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