When it comes to market-user preference in the
Intercontinental Exchange (ICE) versus Chicago Mercantile
Exchange (CME) debate over who would the best partner for
Chicago Board of Trade (CBoT), it appears CME is winning out so
While there is debate among market participants over which
deal will work best for users, the prevailing sentiment is for
a CME-CBoT combination that features financials and ags on one
trading platform with one clearinghouse. Of course, the choice
will be decided by shareholders, but a high percentage of end
users are also CBoT members.
"From the investment perspective and the user perspective,
the CME offers more synergies to the firms," said Mike Manning,
president and CEO of Rand Financial Services in Chicago. "They
have a trading platform that everyone knows can support the
volume and a clearing house that everyone knows can handle the
clearing. Those are a couple of big unknowns with ICE."
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