Chicago Mercantile Exchange (CME) was last week reluctant to
reveal details of its plans for the Asian projects of Chicago
Board of Trade (CBoT), should its takeover deal for the smaller
exchange be completed. However, there were signs that CBoT
could move from the Singapore-based connectivity hub it
established with Euronext Liffe to join the stand-alone CME
Specifically, all the hubs recently established in Singapore
were only designed to support their own exchange's technology.
This suggested that if CBoT completed the move from its Liffe
Connect-powered trading platform to CME's Globex system
proposed in the takeover deal (see FO Week Vol 11 No
42), it would also have to switch across to CME's hub.
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