On the financial floor, electronic order routing and trade confirmation devices were used to handle a record 58% of all fills during September. A daily record of 68% was set on September 29.
This CBOT® open auction technology has enabled brokerage firms and their brokers to enhance customer service through faster trade confirmations. Firms have increased their efficiency through the straight-thru-processing enabled by this electronic order routing.
Local floor traders have benefited from the valuable features on the handheld devices used for both pit trade recordation and access to a/c/e electronic trading.
More than 500 trading support devices currently are being used on the CBOT trading floor. See the e-cbot® floor technology section of the CBOT website for more information on the features and availability of this technology for you.
