Derivatives Exchange of the year - Chicago Mercantile Exchange

The Risk Awards 2007

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In the world of exchange-traded derivatives, a single issue has dominated the landscape over the course of 2006 - consolidation. In June, New York-headquartered NYSE Group agreed with Paris-based Euronext to create a trans-Atlantic equities and derivatives house - a tie-up the exchanges predict will lead to average daily trading volumes of $100 billion. Meanwhile, the Atlanta-based InterContinental Exchange's acquisition of the New York Board of Trade, announced in September, will see one of