FutureSource and Chicago Board of Trade Announce Partnership
Tuesday April 29, 4:22 pm ET
CHICAGO--(BUSINESS WIRE)--April 29, 2003--FutureSource, a leader in the real-time futures, commodities and foreign exchange industry, along with the Chicago Board of Trade (CBOT®), the second largest U.S. Futures exchange, today announced a new real-time data partnership. FutureSource will design, develop and integrate a streaming real-time quotes, charts, news, and weather solution on the CBOT web site (www.CBOT.com) that will replace the current real-time data offering.
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The online solution will include streaming real-time CBOT quotes, covering all available products on the exchange. Also available will be FutureSource's highly touted Interactive Java Charting, as well as real-time OsterDowJones Commodity News.
The product, to be named CBOT Advantage, is browser-based and will include two distinct packages. Users can choose from a simple quotes-only solution, or a fully featured quotes, charts, news and weather package that includes complete workspace management. The higher end offering, which will be marketed as "CBOT Advantage Plus," is based on the successful fsXtra real-time platform recently developed by FutureSource.
Although final pricing has not been solidified, the real-time quotes package will likely be priced at $30 per month, with the Advantage Plus being offered at $85 per month. These prices will include the $30 CBOT real-time market data fee.
"Together with FutureSource we will offer the most efficient, cost effective, real-time data solution available in the marketplace today" said Steve Dickey, VP of Market Data and Information at the CBOT. "With the CBOT market data fee included in the product price, users can now access real-time data quickly, efficiently and affordably through the Internet."
With a substantial user base that will be migrated from the current real-time subscription solution, along with incredible new user potential, the future looks bright for the CBOT Advantage product. "We are thrilled to be partnering with the Board of Trade on this unique initiative," said Guy Scott, Global Sales Director at FutureSource. "Our efficient online technology is an ideal delivery vehicle for the CBOT's industry-respected real-time data. It's a perfect marriage--the right product at the right price."
The product is expected to be released within the next 30 days, with a specific launch date to be determined. To learn more about CBOT Advantage, contact Maria Gemskie, Jonathan Dean, or send an email to CBOT@futuresource.com or futuresource.com.
About Chicago Board of Trade (www.cbot.com)
Providing a diverse mix of financial, equity and commodity futures and options on futures products, the Chicago Board of Trade advances into the 21st Century on the strength of 155 years of member-trader expertise, unparalleled liquidity and transparency, and market integrity. Via open auction and screen-based trading, the CBOT provides premier customer service to risk managers and investors worldwide. The CBOT was launched in 1848 originally for agricultural producers to achieve price protection. In addition to its robust agricultural complex, today, CBOT members trade products such as futures and options on futures on U.S. Treasury bonds and notes, interest rate swaps, and the Dow(SM) Jones Industrial Average, including an electronic mini-sized Dow(SM).
About FutureSource (www.futuresource.com)
FutureSource provides traders, brokers and risk managers with comprehensive futures, options and cash price data, news, and charting analysis tools through a series of networked, stand-alone, and Internet delivery platforms and software applications. FutureSource has corporate offices in Lombard, Illinois, with sales offices in Chicago, New York, Houston, Miami, Los Angeles, London, Sydney and Mexico City, along with reseller offices that combine to serve twenty-one countries.
NOTE TO EDITORS: For additional information, contact Jonathan Dean |
