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NEX contained two assets in terminal decline and so far CME done little to nothing to revert this. It's so much easier to run a futures exchange, you can retain a monopoly while applying very little effort
How much value do you place on the BrokerTec Globex integration? CME mgmt has pitched trading futures & cash on the same platform as a value-add, but to your point, could be too little, too late
But what specifically is the value add? They didn't even bother moving btec to Aurora, which was the most obvious thing to do to dampen latency arb
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