Editorial - History repeating

Last week saw two stories regarding which it has been tempting to draw parallels with past events: New York Mercantile Exchange (Nymex)'s hurried conversion to electronic trading reminds one of Chicago Board of Trade (CBoT)'s response to the threat of Eurex US, while CBoT's own impressive post-IPO performance brings to mind the lessons learned - or not - by Chicago Mercantile Exchange (CME).

CBoT will soon be asked to give investors a...