2006 10 17 Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT) announced that they had reached a final agreement on the merger, and the two exchanges merged into the Chicago Stock Exchange Group, the largest derivatives exchange in the world.

According to the terms of the agreement, CBOT shareholders will receive 0.3006 ordinary shares of CME A class per share, or the same amount of cash.

The merged company will be called Chicago Board of Trade Group (CME) and its headquarters will be located in Chicago. The combined company's total assets are estimated to reach 25 billion US dollars, of which CME accounts for 654.38+0.8 billion US dollars and CBOT accounts for about 7 billion US dollars. A.Duffy, former chairman of CME, will become the chairman of the merged company, Charles P.Carey, former chairman of CBOT, will be appointed as the vice chairman, Craig S.Donohue, former CEO of CME, will become the CEO of the merged exchange, and Bernard W .Dan, former CEO of CBOT, will be appointed to supervise the business of CBOT until the merger is completed. After the merger, the board of directors of the company will be composed of 29 directors, including 20 appointed by CME and 9 appointed by CBOT.

After the merger, the trading varieties of the exchange will involve interest rates, foreign exchange, industrial and agricultural products, energy and weather indexes and other derivatives. CME said that merging two industry-leading companies into one company will help consolidate its growth ability in an increasingly competitive environment. The combined company will become the most active exchange in the world, trading an average of 9 million contracts every day, with a turnover of nearly 4.2 trillion US dollars.