Finance, Accounting and Control Case Study

Eurex Challenges

OR

Abstract:
Since the 1990s information technology revolution, the winds of change have been blowing fast and furious over the landscape of financial exchanges. Nimble European counterparts like Eurex and Euronext have challenged the mighty Chicago Board of Trading (CBOT), Chicago Mercantile Exchange (CME) and London Stock Exchange (LSE). To a certain extent the challengers have come out as winners. This forced the incumbents to take a hard look at the new entrants and change their strategies.

Pedagogical Objectives:

• To discuss the structural changes in the financial exchanges and the response of CBOT and CME to the challenge thrown at them by Eurex.

Keywords : Eurex challenges, Finance Case Study, Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME), Euronext, London Stock Exchange (LSE), Deutsche Terminborse, Werner Seifert, Rudolph Ferscha, Commodity Futures Trading Commission (CFTC), International Securities Exchange, London International Financial Futures and Options Exchange(LIFFE), Screen based trading, Derivatives, Pit, floor trading, open outcry, Demutualisation