Chicago bulls; Futures exchanges.(A merger to create the world's biggest exchange puts the wind up its rivals)
Economist (US), The, October, 2006
V for Victory, perhaps
A merger to create the world's biggest exchange puts the wind up its rivals
MORE than two decades ago Terry Duffy and Charles Carey both got their start in life trading hog futures in the chaotic open-outcry pits of Chicago, places dominated by burly men with loud voices and sharp elbows. On October 17th the two chairmen did the trade of their lives: they shook hands on an $8 billion deal in which the Chicago Mercantile Exchange (CME) would buy the Chicago Board of Trade (CBOT). They aim to create the world's biggest financial marketplace, allowing investors to buy and sell financial futures in everything from interest rates to government bonds, stock indices, currencies, gold and, yes, pork bellies. With one smart move, the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express