Can the Merc crack the energy market?

A Chicago Mercantile Exchange foray into energy futures would set up an unprecedented three-way battle among U.S. futures exchanges.

The exchanges have avoided competition in the past, arguing that it is impossible to steal business from an established market. That proved true in 2004 after Eurex A.G. tried and failed to build an alternative market for eurodollar futures, a Chicago exchange staple. Read More....