Executives at the Chicago Mercantile Exchange have pulled off what could turn out to be the most important coup in the institution’s recent history. It’s not the launch of their IPO in December, although that must count as a great success in itself given both the sheer effort of transforming from a mutual to a public company as well as going public in the toughest new issue market for decades.
What they ought to be congratulating themselves for is the introduction at the end of January of Eagle I.
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