Financial Times FT.com

Eurex makes move on Chicago turf

By Jennifer Hughes

Published: September 22 2005 17:26 | Last updated: September 22 2005 17:26

Eurex US on Friday begins its next assault on the strongholds of the Chicago derivatives exchanges by offering foreign exchange futures, attacking one of the Chicago Mercantile Exchange’s fastest-growing markets.

Earlier this year, Eurex US admitted defeat in its attempt to win Treasury futures trading from the Chicago Board of Trade and last month, rival Euronext.Liffe conceded the same in its battle for share of the CME’s flagship eurodollar interest rate futures.

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