So that's what you meant
Us journos are only too aware that company statements don't always contain the whole story. However, I'm sure I wasn't the only one who thought that CBoT president Bernie Dan's prepared message about Eurex US's fee waiver, sent to the press a couple of weeks back, contained everything he wanted to say on the issue. Granted, he didn't actually mention Eurex, but what's not to understand about "Our commitment to serving the broader interests of the marketplace define the CBoT's successful business model and explain why its imitators have been unable to launch an effective challenge to our highly liquid, transparent markets"?
Despite the caveat that there would be no more comment from the exchange on the subject, Dan reiterated his point last week with a little more emphasis, saying "Eurex has been reacting, and we think they're in a desperate position?. When you have to...