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March 22, 2005

CME introduces futures trading options on handheld devices

Chicago Mercantile Exchange has unveiled new software for its Galax-C handheld trading devices to enable trading of options on futures for any options contracts currently listed on Globex, the exchange's electronic trading platform.

By CBR Staff Writer

The Chicago Mercantile Exchange (CME) Galax-C handheld devices are, according to the company, aimed at helping to merge the liquidity of electronic and pit markets in an attempt to allow floor traders to better understand and leverage opportunities in the electronic marketplace.

During the past few months, we have introduced new market maker programs and announced a number of new options contractsthat will enhance the liquidity of our electronic options markets and provide new options trading opportunities for CME customers, said CME CEO Craig Donohue. Adding handheld trading functionality to these markets is another important step to facilitate growth in our electronic options contracts.

Some of the features on the new program include the ability to trade options contracts with two order entry fields available for use at all times, the ability to have two different views of over 30 contracts and the ability to toggle between futures and options trading screens.

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