Chicago Exchanges Revive Merger Talks

Fri., Aug. 7, 1998

From Staff

Merger talks have been revived between the Chicago Board of Trade and Chicago Mercantile Exchange, rivals that together control 80 percent of futures trading in contracts worth billions of dollars a day.

After years of on-again, off-again talks to merge, the cross-town rivals have been driven back into discussions by increasing competition and falling prices for membership, or seats, in the exchanges.

Just weeks after the boards of both exchanges agreed to merge their bookkeeping and other non-trading operations, officials have been discussing a complete pairing.

Many obstacles stand in the way of a merger, said the Board of Trade’s chairman, Patrick Arbor.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Chicago Exchanges Revive Merger Talks

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Trump blames ‘incompetent’ Minnesota, not Iran, for water system cyberattacks

Wildfire smoke is now the primary pollutant affecting pregnancy, study shows

Spain says migrants are returning from Ceuta after 57 die in border rush