The Chicago Mercantile Exchange and Chicago Board of Trade are moving up their plans to migrate electronic products and consolidate open outcry onto a single trading floor following their $25bn (€18.9bn) merger.
The merger is expected to close by mid-year pending regulatory and shareholder approval. The migration of electronically traded CBOT products onto the CME Globex platform will begin in the first quarter of 2008 instead of one year after the deal closes.