CBoT members against the grain on 'CME bid'

With CME top of many observers' lists of likely bidders for CBoT - although neither exchange commented on the matter - questions remained about the value of such a deal as well as the chances of it being welcomed by CBoT's membership.

Many FCM executives have expressed a preference for a merger between the two exchanges, arguing that it would present a number of cost savings for both CME and CBoT in terms of operational and structural issues, not to mention economies of scale with their current product offerings and new initiatives....