Looking forward to the next revolution

摘要

For many in the Futures industry the opportunity (or threat) brought by computers in trading was not really seriously contemplated until 1987 when the Chicago Mercantile Exchange launched the concept of creating an after-hours electronic trading venue. CME Group Chairman Emeritus Leo Melamed-who a decade earlier wrote an article for Hofstra University stating that open outcry was the only way for a futures market to operate-called electronic trading "the camel's nose under the tent."