31.   The friction between the two exchanges leads some futures industry groups to wonder whether the Commodity Exchange Act will get back on track.

32.   The launch of the two exchanges has been repeatedly postponed as discussions dragged on between them and the regulatory authorities.

33.   The large size of most member trading firms of the two exchanges makes cash payments unnecessary, he said.

34.   The other exchanges have offered to cross-list securities across the region, though that falls short of what many international investors want.

35.   The three exchanges will also have a common fee structure.

36.   The three exchanges each hold a one-third stakes in CDCC.

37.   The two exchanges reiterated earlier statements that they wanted to set up cross-shareholdings with Nasdaq as part of an effort to set up a global trading system.

38.   The two exchanges announced that they were in merger discussions last week.

39.   The two exchanges won the right to offer the contracts in June.

40.   The two exchanges hope to have the link-up working by June.