Chicago Hope

摘要

As exchanges vie for revenue in an increasingly competitive marketplace, few people were surprised when the Chicago Mercantile Exchange (CME) last month announced its intent to purchase cross-town rival the Chicago Board of Trade (CBOT) for $8 billion. The newly formed CME Group would be one of the world's largest derivatives markets, with average daily trading volume at nearly 9 million contracts per day, equal to $4.2 trillion. Cost savings, according to the companies, will top $125 million in the second year after the deal's closing.