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.