New York Board of

By Larry Dignan  |  Posted 2003-09-10 Print this article Print

Foresight kept the trading exchange in business for the last two years.

Trade Base Case">

New York Board of Trade Base Case

Headquarters: World Financial Center, One North End Avenue, New York, NY 10282

Web Site: www.nybot.com (Phone not yet assigned)

Business: Commodity exchange trading sugar, cocoa, coffee, orange juice and financial products.

Chief Information Officer: Steven Bass.

Exchange Volume 2002: 20.9 million shares traded; 2003 (through June 30): 12 million shares.

Challenge: Migrate from paper-based trading records to wireless handhelds. Determine the future of its Long Island City backup trading site.

Baseline Goals:

  • Use wireless handhelds for entering information on the majority of trades.

  • Boost trading volume an additional 10% to 15% in 2004.

  • Cut operating costs by sharing expenses with the New York Mercantile Exchange.

  • <1234
    Business Editor
    Larry formerly served as the East Coast news editor and Finance Editor at CNET News.com. Prior to that, he was editor of Ziff Davis Inter@ctive Investor, which was, according to Barron's, a Top-10 financial site in the late 1990s. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism.

    Submit a Comment

    Loading Comments...
    eWeek eWeek

    Have the latest technology news and resources emailed to you everyday.

    By submitting your information, you agree that baselinemag.com may send you Baselinemag offers via email, phone and text message, as well as email offers about other products and services that Baselinemag believes may be of interest to you. Baselinemag will process your information in accordance with the Quinstreet Privacy Policy.

    Click for a full list of Newsletterssubmit