The big fight.(Chicago Board of Trade, Chicago Mercantile Exchange vie for emerging-market contracts)
Economist (US), The, May, 1996
The Board of Trade (CBOT) and the Mercantile Exchange (CME) have expanded their continuous market-share battle to emerging-market futures. CBOT has been opening exchanges in Taiwan and elsewhere, while CME lists emerging- market futures on its own board, so far a more successful strategy.
CHICAGO
THE world's two largest futures exchanges, the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME), have long been obsessed with two aims: maintaining their market share and scoring points off one another. Neither has been easy to achieve of late.
Both exchanges' share of the world's futures market has slipped in recent years as rivals have sprung up elsewhere. So far their attempts to arrest this trend by launching novel contracts, such as...
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