250-Position Globex Beta Test Fails; Launch Could Be Pushed Back Further
TECHNOLOGY
Reuters Holdings PLC suffered a major embarrassment this week after a 250-position world wide beta test of the Globex futures-trading system it's developing for the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBT) was abandoned soon after its start. Reuters' share prices slide sharply on the news Wednesday.
The failed test could delay the signing of a final Globex agreement between the exchanges and Reuters, possibly pushing back the commercial launch of the system, which
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