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Smart money freezes out Ice in favour of CME

28 March 2007 Be the first to comment

Paul Penrose

Head of Research

Finextra

Where's the smart money going on the likely outcome of the ongoing tug-of-war for the Chicago Board of Trade (Cbot)? Dublin-based person-to-person trading mart Intrade has listed 4 new markets on the Cbot merger tussle.

1. Cbot & Chicago Mercantile Exchange by end December 2007 ~ 65% likely

2. Cbot & Intercontinental Exchange by end December 2007 ~ 29% likely

3. Cbot & An-Other by end December 2007 ~ 2% likely

4. Cbot to remain independent at end December 2007 ~ 4% likely

The early indications suggest that the CME is over twice as likely to merge with the Cbot and prevail over the upstart Intercontinental Exchange.

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Paul Penrose

Head of Research

Finextra

Member since

06 Oct 2006

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London

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