Central Banking

ANALYSIS: The irresistible rise of e-trading

Technological innovations are making electronic trading the method of choice - even in assets where floor-based trading looked set to dominate. Resisting technology can prove costly for the world's more established exchanges.

COMMENT BY CENTRALBANKNEWS

On Monday 12 June the New York Mercantile Exchange (NYMEX) introduced electronic trading for its oil future contracts. It is fair to say it did so reluctantly. Until recently, its executives maintained that customers preferred the "open outcry"

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