CME and CBOT Working on Merger

The two exchanges are hammering out a big-time merger.

As the Chicago Mercantile Exchange and the Chicago Board of Trade work on the terms of a merger of the two exchanges, CME assures that the process will turn out well for shareholders. The exchange issued this statement Thursday:

"We are confident that the CME/CBOT merger will create a strong combination and provide significant and unique benefits for shareholders and customers of both companies. We are working toward the successful completion of our transaction."

The two firms plan to combine floor trading in one location. John F. Sandner, a member of the CME board said last year that after the merger, "[Chicago] now will be known as the world's risk manager."

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