Eurex Breaking Into US Market

EXCHANGE TECHNOLOGIES

FRANKFURT--Eurex set off a flurry of activity late last week when it announced that it will break into the US market, building its own US exchange on its a/c/e technology.

Subsequently, officials at the Chicago Board of Trade (CBOT) announced that it will replace the a/c/e system it built with Eurex with Liffe Connect from Eurex’s rival, Euronext.liffe.

Details were sketchy at press time, but the Frankfurt, Germany-based Eurex is launching an as-yet unnamed US derivatives exchange by 2004, using a

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