For the first time in recent memory, Chicago Mercantile
Exchange (CME) and Chicago Board of Trade (CBoT) will launch
competing contracts, in ethanol futures. CME will launch on 29
March, while CBoT was planning to list its contract on 8 April,
although sources said CBoT is considering moving its start date
CBoT executives said the exchange has been developing the
corn-based ethanol futures contract for the past two years and
waiting for the right market conditions to launch. CME, for its
part, has been looking to break into energy derivatives.
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