The Chicago Mercantile Exchange and the Chicago Board of Trade futures exchanges plan to develop an Automated Data Input Terminal, Audit, on which traders will enter each deal so that the exchanges can more easily track transactions, making it easier to detect trading violations such as the ones that led to 46 traders being indicted for allegedly illegal trading practices; at the Board of Trade, traders currently jot down trades on paper cards, which are collected every 30 minutes: the budget to develop the system is initially set at $2.5m.
