Fighting talk from exchange brass in face of competition
Chicago Mercantile Exchange (CME) leaders said last week
they are ready to expand, plan on improving trading technology
and say they are closing Eurex's lead as the top exchange in
In CME's first press conference since announcing plans to go
public, executives said the company's financial health is
excellent and plan to increase its distribution through several
avenues. CME president and ceo Jim McNulty said they are
exploring acquisitions but would not be specific. He added that
distribution will be a major priority this year through local
electronic access hubs situated around the world. The CME
launched an electronic access hub in London in July and has
attracted more users because of it. He said local hubs help
keep expensive telecom costs down.
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