Word: merce
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Dates: during 1990-1999
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...message boards of America Online about state changes in rules governing the use of car-pool lanes. He quickly fired off an E-mail message to a government official to pin down the facts, and the resulting story made the front page (as well as the top of the Merc's online news service on AOL). Then Richards went back online to field more than a dozen messages from readers, including one that prompted a follow-up story. ``There's a lot of good stuff out there,'' he says. ``You just have to have the patience to weed through...
Since the system could one day be easily modified to trade stocks, Globex could further obliterate the distinctions between futures and stock exchanges and result in a new world order of financial markets. Says John Sandler, chairman of the Chicago Merc: "We can become a securities exchange. There's nothing to stop us from doing that...
Saddam Hussein has been called a lot of things during the past month, but at the Chicago Mercantile Exchange he's known as "Mr. Bonus." Yearly bonuses at the Merc are keyed to the number of broker transactions, and the 1990 figures were looking grim -- until the invasion of Kuwait stirred up huge action in Eurodollars and stock-index futures...