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Article #6845.07 SunFlash: Chicago Board Of Trade Selects Sun
From: daemon id AA16709 Wed 9 Sep 92 0...
Date: Wed, 09 Sep 1992 15:32
Date: Wed, 09 Sep 1992 15:32
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The Florida SunFlash
Chicago Board Of Trade Selects Sun SPARC Systems As Workstation Of Choice
SunFLASH Vol 45 #7 September 1992
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CHICAGO -- September 8, 1992 -- The Chicago Board of Trade (CBOT), the
oldest and largest futures exchange in the world, and Sun Microsystems
Computer Corporation, the leading workstation and server supplier,
today announced that Sun(TM) SPARCstations(TM) have been selected as
the official workstation for the Board of Trade.
Long known for its public, open outcry auction market system conducted
in trading pits, the Chicago Board of Trade has developed a powerful
technology system, Project A, to expand trading opportunities for its
3,600-plus members.
"Project A, as implemented on Sun SPARCstations and SPARCservers(TM),
enables us to expand trading opportunities to members by offering new
"niche" products on a screen-based trading system featuring
high-resolution graphics," said Glenn W. Belden, vice president of
information systems for the Chicago Board of Trade.
The Board of Trades' famous futures contracts -- including soybeans,
grain and treasury bonds -- have been, and will continue to be traded
by open outcry auction in trading "pits" devoted specifically to
commodities. Limited by the physical real estate required to establish
additional trading pits, Project A will enable CBOT members to trade a
large variety of market niche futures contacts, such as scrap steel,
from windows opened on the SPARCstation screen.
"The CBOT workstation will expand trading opportunities for our
members, increase risk-management and investment possibilities for
investors, and provide a wide range of trading information and services
not previously available through computerized trading," Belden said.
"Key parameters in choosing Sun were price/performance and customer
service. Sun had the best solution. Sun will provide service to the
exchange on a 24-hour day, seven-days-a-week basis."
"CBOT's innovative project extends Sun's leadership as a premier
platform in the financial services market," said Larry Hambly, vice
president of marketing at SMCC. "We're excited about partnering with
CBOT to create the world's most sophisticated automated trading
environment. Sun SPARC hardware running the Solaris(R) environment
represents the clearly successful, mature environment for this
ambitious project."
Sun Microsystems Computer Corporation is the leading workstation vendor
in the financial services industry worldwide, with installations on the
largest digital trading room floors in Europe, Japan and the United
States, including the National Association of Securities Dealers
(NASD), New York Stock Exchange, Boston Stock Exchange, Philadelphia
Stock Exchange, London International Financial Futures Exchange (LIFFE)
and the Bombay Stock Exchange. Sun systems are also used in the top 25
brokerage firms in the United States.
If you have any questions regarding this announcement, please contact
Lauren Swingle at (415) 336-7273.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
For information send mail to info-sunflash@sunvice.East.Sun.COM.
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Archives are on solar.nova.edu, paris.cs.miami.edu, uunet.uu.net,
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All prices, availability, and other statements relating to Sun or third
party products are valid in the U.S. only. Please contact your local
Sales Representative for details of pricing and product availability in
your region. Descriptions of, or references to products or publications
within SunFlash does not imply an endorsement of that product or
publication by Sun Microsystems.
John McLaughlin, SunFlash editor, flash@sunvice.East.Sun.COM. (305) 776-7770.
TRACE: To: sunflash@housun.Central Errors-to: owner-sunflash@housun.Central.sun.com
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Newsgroups: lou.sun Path: arc1-ca.pugleaf.net!sparky!uunet!europa.asd.contel.com!darwin.sura.net!wupost!tulane!daemon From: daemon@cs.tulane.edu () id AA16709; Wed, 9 Sep 92 06: 32:35 PDT Subject: 45.07 SunFlash: Chicago Board Of Trade Selects Sun Original-Message-Id: <9209091332.AA07188@sunvice.East.Sun.COM> Nntp-Posting-Host-[nntpd-17454]: rex Message-ID: <1992Sep9.133544.17497@cs.tulane.edu> Precedence: junk Sender: news@cs.tulane.edu Reply-To: <owner-sunflash@housun.Central.Sun.COM> Organization: Computer Science Dept., Tulane Univ., New Orleans, LA Errors-To: <owner-sunflash@housun.Central.Sun.COM> Distribution: lou Date: Wed, 9 Sep 1992 15:32:14 GMT Return-Path: <owner-sunflash@housun.Central.sun.com> Approved: tulane Lines: 78