| Operating a futures exchange has become a highly competitive business, and exchanges worldwide are constantly looking for ways to boost volume. Both ICE and CME Group – the holding company for CME and CBOT plus NYMEX (New York Mercantile Exchange) and COMEX (Commodity Exchange) – are publicly-traded, for-profit companies; ELX is a privately-held corporation owned by a group of investment banks, trading firms and technology providers.
Unlike the clubby old days of member-owned exchanges, most exchanges today are owned by shareholders who expect these firms to not just make a profit, but to make those profits grow year after year...............................................Full Article: Source
|