CBoT's deal with CME prompted some interesting reactions in
the industry, as evidenced by the FO Week poll on page
five. The experience and perception of Chicago exchange
politics seems to be the over-riding factor in the twin
feelings of surprise and cynicism on display.
Some people were genuinely shocked that, after years of
bickering, the two exchanges could move with apparent speed
toward a truly momentous deal (of course, as with most supposed
overnight successes, this was years in the making, though there
has been a definite alacrity on display in recent weeks).
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