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Smart money freezes out Ice in favour of CME

Where's the smart money going on the likely outcome of the ongoing tug-of-war for the Chicago Board of Trade (Cbot)? Dublin-based person-to-person trading mart Intrade has listed 4 new markets on the Cbot merger tussle.

1. Cbot & Chicago Mercantile Exchange by end December 2007 ~ 65% likely

2. Cbot & Intercontinental Exchange by end December 2007 ~ 29% likely

3. Cbot & An-Other by end December 2007 ~ 2% likely

4. Cbot to remain independent at end December 2007 ~ 4% likely

The early indications suggest that the CME is over twice as likely to merge with the Cbot and prevail over the upstart Intercontinental Exchange.

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