NYBOT to offer electronic trading

Quote from jhaughey:

quotes for nybot softs in IB are: CC, SE, SB, KC, CT and OJ.
More...

Those are on NYMEX and have no volume and spreads wider than Paris Hilton's legs in a camcorder shop....

We want the ice .....ice ice baby!!!!
 
I'm confused... Is NYMEX going to compete with NYBOT on identical contracts? NYMEX is going to offer through GLOBEX, but NYBOT is going to offer through eCBOT? What happens when CME & CBOT merge?

Is IB now going to list both NYMEX and NYBOT softs? What a mess.
 
I'm confused... Is NYMEX going to compete with NYBOT on identical contracts?


Yes.


NYMEX is going to offer through GLOBEX, but NYBOT is going to offer through eCBOT?

NYMEX is on GLOBEX now, NYBOT is now (as of tomorrow) on ICE. Don't know what will happen with the CBOT agreement.


What happens when CME & CBOT merge?


If we're lucky they take eCBOT and get medieval on it.


Is IB now going to list both NYMEX and NYBOT softs?

That's what I'm hoping. They already list crude oil on both NYMEX and ICE.


What a mess.


I disagree -- it's competition. I doubt NYBOT would be so quick to get their futures electronic without the NYMEX competition. Why else would they risk the cushy legalized theft scam they have going in their pits (they call it pit trading)? It can be confusing though....and I have no clue what happened to the CBOT deal....
 
Quote from just21:

January 2006 - NYBOT to offer electronic trading (eCBOT)

New York Board of Trade is planning to offer electronic trading for the first time, according to an agreement signed with the Chicago Board of Trade which will host NYBOT’s financial products on its electronic system. The move is the latest in the trend towards electronic trading among the biggest US exchanges and a first for NYBOT, best known for its heaving pits of coffee, sugar and cotton traders. Under the non-binding agreement announced yesterday, CBOT will host trading of NYBOT’s currency futures and options products and its index futures, including the widely followed Russell indices.
More...
- Looks like the eCBOT thing has been cancelled.

- Looks like ICE and NYBOT have merged as of January 2007.
 
OK, but which pits should I use now when I want to get legally mugged? The NYBOT pits were one of the last few islands of pure thievery.....
 
I'm not sure about those symbols you posted. I remember finding NYBOT symbols last year, and then I was told they've always been there, but only available to large institutional clients. So I don't think those are anything new -- I think we'll see new symbols for ICE.

Either way, I'll be happy :)

SSB
 
I would second these requests.
Any timeline when IB will introduce electronic NYBOT trading ?

I estimate it will be only 3 - 6 months until the (liquid/front) contracts have shifted over to elec.
 
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