Chicago Board of Trade (CBoT) is taking measures to beef up
technology in its trading pits in order to further capitalise
on large volume growth in its agricultural products. The move,
designed to make floor trading quicker and more efficient,
prompted apparently erroneous suggestions that Eurex was
preparing to mount an all-electronic offensive on CBoT's
Although Eurex did not wish to comment directly, speculation
about agricultural contracts being introduced was not being
taken seriously at the exchange. Sources close to Eurex
suggested it could be a rumour put about by Chicago traders in
an attempt to exert downward price pressure on CBoT. The
Chicago exchange slashed its financial product fees in response
to the launch of competing products by Eurex US.
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