AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

U.S. exchanges brace for European invasion: Eurex to unveil details of its U.S. exchange tomorrow.

The America's Intelligence Wire

| September 15, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Post)

Byline: Michelle Machado

CHICAGO - Eurex, the world's largest derivatives mart, said on Friday it will unveil details of its new U.S. exchange tomorrow, ending months of anticipation.

The arrival of the German-Swiss juggernaut could turn the U.S. futures industry upside down, making existing exchanges -- especially the Chicago Board of Trade -- scramble for market share and re-examine their business models.

Most likely, Eurex's first U.S. contracts will be U.S. treasury futures identical to those traded on the CBOT, a direct challenge to the No. 2 U.S. exchange.

Eurex will give details of its new U.S.…

Related articles from newspapers, magazines, journals, and more
CBOT, Eurex Alliance Shows Strain.
Magazine article from: Securities Industry News Editor, Chris Kentouris Senior International February 5, 2001 700+ words
...were given access to last August. Eurex and CBOT have been using different versions...preventing significant goals of the CBOT/Eurex Alliance agreement from being achieved...When it signed its deal with Eurex, CBOT said it would spend $50 million...
CBoT reacts to possible competition from Eurex (CBoT greift nach Umsatzrenner...
News wire article from: Europe Intelligence Wire October 22, 2003 700+ words
...favourable as those offered by Eurex: as of January 1, CBoT will charge non-members...another US futures exchange, CBoT has been attempting to prevent the planned launch of Eurex in the US in February 2004. CBoT is also planning to introduce...
CBOT members go to polls on Eurex alliance.(Chicago Board of Trade)(Brief...
Magazine article from: Futures (Cedar Falls, Iowa) Cavaletti, Carla December 1, 1998 700+ words
Whoever thinks the CBOT is run by an elite board...determine the future of the Eurex/CBOT alliance, which up until...alliance. Burt Gutterman, the CBOT member who led a petition...says members are not nixing Eurex, but instead they are protesting...
Eurex and CBOT consider renewed alliance.(Chicago Board of Trade)(Brief Article)
Magazine article from: Futures (Cedar Falls, Iowa) Cavaletti, Carla July 1, 1999 700+ words
...and effort of adopting Eurex technology as opposed to updating the CBOT's electronic trading...million. To join the Eurex platform, the CBOT will spend 850 million...of the alliance, the CBOT and Eurex will undertake independent...
CBOT to cut fees, trade German debt in face-off with Eurex.(Chicago Tribune)
News wire article from: Knight Ridder/Tribune News Service Skertic, Mark February 3, 2004 700+ words
...exchange in the United States. Eurex US will be based in Chicago. Tuesday...to anticipated competition with Eurex, said CBOT President Bernard Dan. "The bottom...Bobl and Schatz futures. Unlike Eurex, the CBOT is not opening a new exchange in...
CBOT to cut fees, trade German debt in face-off with Eurex.
Newspaper article from: Chicago Tribune (Chicago, IL) February 3, 2004 700+ words
...exchange in the United States. Eurex US will be based in Chicago. Tuesday...to anticipated competition with Eurex, said CBOT President Bernard Dan. "The bottom...Bobl and Schatz futures. Unlike Eurex, the CBOT is not opening a new exchange in...
CBOT sees edge with Eurex.(Trendlines)(Chicago Board of Trade's alliance with...
Magazine article from: Futures (Cedar Falls, Iowa) Mosser, Mike August 1, 1999 700+ words
...rejecting a deal to align with Eurex in January, CBOT members overwhelmingly approved...with the CBOT. Both the CBOT and Eurex will be linked electronically. While Eurex trades entirely electronically, CBOT contracts will continue...
Lawsuit spotlights merger; Eurex seeks documents on CBOT-CME combo.(News)
Magazine article from: Crain's Chicago Business March 19, 2007 700+ words
...would challenge the CBOT's flagship product...futures. On Feb. 12, Eurex asked the court to force the CME and the CBOT to hand over all the...filing says. The CME and CBOT said in their joint Feb. 28 filing that Eurex has no basis for needing...
Quest for New Products Splits CBOT, Eurex Alliance.(Chicago Board of...
Magazine article from: Securities Industry News July 22, 2002 700+ words
...derivatives exchanges. Eurex's a/c/e technology...gateway that brings CBOT products to global...London last week by Eurex CEO Rudolf Ferscha and CBOT head David Vitale...of the agreement, Eurex gains control of...platform, reducing CBOT's involvement to...
CBOT, Eurex bury hatchet. (Ace in the Hole).(Chicago Board Trade to license...
Magazine article from: Futures (Cedar Falls, Iowa) August 1, 2002 700+ words
...the Chicago Board Trade (CBOT) and Germany's Eurex over how to administer...it really was anyway a Eurex platform licensed to the CBOT. "We at the CBOT do not...on a/c/e goes to the CBOT, which then pays Eurex a fixed licensing fee plus...
For more facts and information, see all results
©2010 Gale, a part of Cengage Learning. All rights reserved. About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily