CME refutes reports that metals contract will be axed after CBoT deal
Chicago Mercantile Ex-change (CME) executives have refuted a
news report that it plans to shut down the Chicago Board of
Trade (CBoT) metals contracts once its deal to buy CBoT is
CME CEO Craig Donohue told FO Week that no decision
has yet been taken on what will happen to the CBoT metals
Once the deal between the two Chicago exchanges is
completed, expected this summer, it has been speculated that
CBoT would need to de-list its metals complex due to a
non-compete clause written in the contract signed between CME
and New York Mercantile Exchange (Nymex).
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