Windy City power
CME Group's Chicago-based chief executive, Craig Donohue, talks to Mark Pengelly
For much of the past 100 years, the idea of Chicago Board of Trade (CBOT) and Chicago Mercantile Exchange (CME) contracts trading side by side seemed a distant hope. But since the merger of the cross-town exchange rivals last July, the combined CME Group has moved quickly to integrate its electronic and open-outcry trading venues.
"We thought integration would take 12-18 months from closing. We'll be well inside that date," affirms Craig Donohue, CME Group's Chicago-based chief executive.
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