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Citadel distancing itself from ELX exchange

Posted on 30 October 2008

From Chicagotribune.com: Citadel Investment Group is reducing its ties with a planned rival to CME Group Inc. iin favor of its new joint venture with the Chicago derivatives exchange operator. The Chicago-based hedge fund group is pulling its board member from the bank-backed ELX Electronic Liquidity Exchange, according to a source close to the matter.

Citadel will retain an equity stake and would use the still-to-be launched ELX platform, which aims to challenge the CME’s dominance in Treasury futures….. Full Article: Source


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VRS - who has written 37241 posts on Opalesque Commodities Briefing.


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