The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Chicago exchanges: The education of David Brennan

Asset-backed Finance: Europe takes to securitization

Financial crime: The lords of frauds


June 24 in Chicago, a very important day. The Chicago Mercantile Exchange (CME) is set to make an important announcement: the fibreglass cow recently posted outside the exchange as part of the city's five-month "Cows on parade" art exhibit is to be given a name, chosen after a competition among the CME's staff and members. The winner - "Moocantile".


It is light relief for the exchange which, along with the Chicago Board of Trade, has had a hard few months during which the rationale of everything from open outcry to clearing systems has been questioned.


It began on a potentially bright note with the resignation of Brooksley Born from the chair of the Commodity Futures Trading Commission (CFTC), the federal body that regulates the exchanges. She and the exchanges had not seen eye to eye, and now there seemed to be a chance that finally the exchanges could get regulations simplified.


As the month ends, five minutes' walk up the road from where Moocantile is being christened, the CBOT, the CME's arch-rival, is facing a rather more crucial choice.





You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree