Whose idea was it anyway?
Maybe it was the fact that it was beaten by Nasdaq
Liffe in its bid to be the first exchange to launch futures on
exchange-traded funds, but Eurex appears to have a dogged
determination not to be outdone in the battle of the headlines.
It succeeded in stealing CBoT's thunder over the Chicago
exchange's decision to switch to Liffe Connect, issuing a press
release at midnight London time in its desire to get its story
out first. Now, the German exchange will pip Liffe to the post
when it launches its EONIA futures contract. (see story on
p12). Both exchanges maintain their products have been on the
drawing board for months, so was there a case of industrial
espionage somewhere along the way?
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