Chicago Board of Trade (CBoT) last week announced upgrades to its electronic trading platform and an exchange fee increase.
The upgrades, which have been scheduled for 9 October, include order book management designed to help firms oversee the entirety of their risk exposure across multiple users. Stop orders will be introduced at host level and nine new inter-commodity spread strategies for financial products will be added.
CBoT also planned to move its E-CBoT electronic trading platform, which is powered by Liffe Connect, from London to Chicago and expand electronic trading hours. Interest rate, equity index and metals products will be available to electronic market users for an additional hour each day, bringing the trading day to 22 hours.
The exchange also announced it will be raising exchange fees beginning 1...