SECURITIES

Chicago Board of Trade Quits Globex: In dropping out of the troubled around-the-clock electronic futures trading venture, the board announced it will form a competing after-hours network with Bloomberg Financial Products. The move casts further doubt on the long-term survival of Globex, which was created with great fanfare a few years ago but has encountered numerous problems. The Board of Trade, Chicago Mercantile Exchange and Reuters Holdings developed the system. The Board of Trade and the Merc are the world’s largest markets for commodities contracts. The system was created to allow trading of financial futures and options after the trading floors of the participating exchanges are closed.