CME, Euronext latest exchanges to be linked

Chicago Mercantile Exchange (CME) and Euronext were last week said to have held talks over a possible merger between the two exchanges, sparking debate as to the possibility of a single short term interest rate (STIR) derivatives platform as part of a CME/Euronext Liffe joint venture.

CME CEO Craig Donohue added to the speculation during a speech given at a capital markets conference last week, saying, "If there was a large universal exchange that has a futures market with a...