Little prospect of exchanges paying TT

The prospect of Trading Technologies (TT) succeeding in a reported bid to secure per-lot fees from major exchanges Chicago Board of Trade (CBoT) and Chicago Mercantile Exchange (CME) last week appeared to be slim. While none of the parties concerned wished to comment on whether an approach had been made, insiders suggested that TT lacked the leverage to secure a change in pricing.

TT reportedly approached Chicago Board of Trade...