Craig Donohue, CME's ceo-in-waiting told delegates at last
week's FOW expo in Singapore that Eurex would need more than
"an expensive and carefully crafted public relations campaign,"
to be a competitive force in the US markets. Needless to say,
this is true, but a quick glance at the list of other
requirements proves rather instructive.
A trading platform for example. Having seen some success in
Europe, Eurex can tick off that one; better yet, they have the
exact platform and distribution network on which almost 80% of
the very contracts they will be competing on are currently
traded. Then there's clearing. Once again, the exact same
clearing infrastructure currently used to clear the contracts
of Eurex's main initial rival, Chicago Board of Trade.
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