CME slates European competitors at exchange heads' discussion

Chicago Mercantile Exchange (CME) CEO Craig Donohue criticised the strategies employed by European exchanges in their recent attempts to enter US markets and capture liquidity from local exchanges.

Speaking at London's international derivatives week, Donohue said, "Much of the European competition in North America has been flawed in its strategy: it did not have a very good value proposition, did not have a sustainable corporate advantage and misjudged the...