CBOT declines comment over reports of possible LME bid

Thursday, Oct 12, 2006
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The Chicago Board of Trade (CBOT), whose trading volume and influence have grown significantly in metals futures trading, has declined to comment on press reports speculating the Chicago exchange is interested in acquiring the London Metal Exchange.

CBOT spokeswoman Jennifer Rook told Platts she could not comment on the reports, which emerged in the UK press over the weekend, except for the following statement: "We have stated that as part of our goal to enhance shareholder value we will explore possible strategic growth initiatives. However, it is policy not to comment specifically on any such activities."

The CBOT has a 100oz gold futures contract as well as a mini-gold contract and a 5,000oz silver contract as well as a mini silver contract. The exchange also offers options on its full-sized gold and silver contracts. The exchange has reported record volumes as well as enhanced market share for its metals complex.

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