Chicago's exchange merger mania

As the number and size of hedge funds has grown, so too has their business with the three Chicago futures and options exchanges - the Chicago Board of Trade (CBOT), the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE).

But what the future holds for the exchanges is in doubt as Hedge Funds Review goes to press, with a particularly interesting takeover battle going on for the Chicago Borad of Trade.

merger mania

The exchange had agreed to a merger with the CME in Oc