CME wants to challenge N.Y., London in Energy Market

http://biz.yahoo.com/ap/060131/chicago_mercantile.html?.v=6

 

I think CME will fail.

It has an electronic trading platform but does not have all the facilities in place for physical delivery like NYMEX and ICE.
Without this the big commercial traders will not use it and it will not attract enough volume to be viable.

I think ICE is well placed to become the main electronic energy trading venue.

 

Nasdaq is buying up the London exchange.

 

They have a stake in the London Stock Exchange, the IPE is owned by ICE.