News – CME Group down 2% premarket; consortium to launch futures exchange … – CNNMoney.com
Main Fortune Small Business 100 Small Cap Investing – Top 50 Ultimate Resource Guide Top Schools for Entrepreneurs 5 Best Bosses Which States Love Small Biz? Credit Suisse said its initial read is that the probability of success is low and will likely have a ‘de minimis’ impact on its CME thesis given the company’s deeply entrenched liquidity pools, technology advantage and efficiency of its clearing system, as well as futures market structure. The firm said at least three attempts have been initiated over the past five years to attract market share of interest rate products away from the CME; Eurex US was the most successful at one point, controlling roughly 7% of Treasury futures. In prior competitive situations, overall industry volumes increase as traders arbitrage the products against each other,’ Goldman Sachs concluded. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. read more
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