CME, CBOT to merge
The Chicago Mercantile Exchange (CME) is to merge with the Chicago Board of Trade (CBOT), a move the exchanges say is "expected to transform global derivatives markets".
The 2007 merger of the two largest futures exchanges in the US will create a single entity named the CME Group, whose corporate headquarters will remain in Chicago.
The merged exchange hopes to be the leading market for trade in all major asset classes and will give wider access to benchmark exchange-traded derivatives based on US
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