NYBOT: Going Home - ' New York Board of ' (
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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.