Update on Trading CBOT Grains Electronically...
In case you missed the news, the Chicago Board of Trade's grain complex -- previously one of the remaining bastions of open-outcry trading -- took a big, electronic step forward on August 1. Corn, wheat, soybean, soybean oil, soybean meal, rough rice, and oat futures contracts are now trading on e-CBOT, the exchange’s electronic trading platform, even during regular business hours. The trading pits haven't disappeared, as electronic trading is conducted alongside trading in the pits during the day. But as the weeks go by, it appears that more and more volume is shifting from the pits to the computer screens. Read More....
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