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NYBOT: Going Home



By Larry Dignan

  Table of Contents:
  1. NYBOT: Going Home
  2. ' Sticking to His Guns '
  3. ' Cultural Shift '
  4. ' New York Board of '

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

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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.



     
     
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