Chicago Mercantile Ex-change (CME) moved to bolster its case
for the acquisition of Chicago Board of Trade (CBoT) at the
annual Futures Industry Association (FIA) Conference in Boca
Raton, Florida, only a day before IntercontinentalExch-ange
made its surprise approach for CBoT.
The exchange hosted a panel of end users and market experts
who all supported the combination of the two Chicago exchanges.
The move is part of an ongoing battle between the exchange and
industry opponents of the deal, many of which come from the
large institutions that want greater clearing choice.
CME's panel consisted of three proprietary trading firm
executives as well as a university professor and official from
a trade association. All of the panelists strongly supported
the CME-CBoT merger for a variety of reasons, but chiefly
that a combined exchange would provide deeper and more liquid
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