Finally the derivatives exchanges in Chicago appear to be doing what many market participants have been pushing them to do for years: merge.
It's all rumour and speculation at present, but as the Chicago Board of Trade readies itself for an initial public offering, an early tie-up looks increasingly likely.
Both of the city's two other major derivatives exchanges have, according to rumour, expressed an interest in merging with the CBOT, but it is the Chicago Mercantile Exchange, not the Chicago Board...
