Has anyone noticed the sharp rise in the stock lately for CME. Does anyone have suggestions as to whether short or go long? Just seems unusual to me to have that type of movement for a stock that merely represents an exchange.
OMG, and they make a boat load of money to justify it. I would think they could look at other markets, say like the equity options. They could buy one of the exchanges on the cheap, dump the floor and make it all electronic quicker than it will take Eurex to do the same.
more and more volume in equity products is going electronic, which gives the cme more income. i do not know, but if there where secret plans to shut down the floor, this would bring additional income to the CME as they charge much more for a globex trade than a pit trade for an exch member.
The CME signed a lucrative agreement to clear the CBOT's trades. The CBOT clearinghouse (owned largely by institutions as opposed to floor traders) looks likely to be the clearinghouse for EUREX. Rumors persist of possible merger between CME and CBOT.