In his first two months in the job, Bernie Dan, chief executive of the Chicago Board of Trade, has made two quick and bold decisions. It was the second that got the most publicity: the announcement to dump the exchange’s joint venture with Eurex in favour of using the Liffe Connect trading platform.
Dan says his objective is “to make the Board of Trade a much more independent marketplace, building off transparency, liquidity and ethics. Our users are demanding more in tools and capabilities to enable multiple trading strategies.
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