As much as I want to see the big exchange grow and eat the competition, I appreciate CME's attention to growing smartly. CME is not interested in being a hodge-podge of markets rather it wants to be the world's definitive go-to market for risk management.
That's fucking smart.
This article makes a valid point when it comes to reg, CFTC versus SEC. More importantly, margins in the derivatives markets are pretty sweet in comparison to the equities marketspace.
CME has some smart women and men at the helm. I expect them to keep steering our city's unique, definitive, home-grown industry in the right direction.
CME disappears from dealmaking, and that may not be bad