LONDON, Oct 7 (Reuters) - U.S. futures and options exchange Chicago Board of Trade (CBOT) may bid for the London Metal Exchange (LME) to counter greater links between its competitors, The Observer newspaper reported on Sunday.
The paper said CBOT management, in London for the annual conference for commodities and futures exchanges being hosted by the LME, would likely broach the subject with the LME's new chief executive, Martin Abbott.
CBOT President and Chief Executive Bernie Dan is keen to either buy the LME or form an alliance to counter growing ties between the Chicago Mercantile Exchange and NYMEX Holdings Inc., The Observer said.
On May 17, the LME, the world's largest non-ferrous metals market, announced a strategic review that may lead to a change in its current non-profit-making status, and could end with a flotation or a trade sale.
"The review in May generated a lot of interest in the exchange but we are not talking to anyone at the moment," a spokesman for the LME said on Sunday.
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