Merc Buys CBOT To Create World's Biggest Exchange

This might be the appropriate time to admit that I completely missed the explosion of commodities prices. I've made $0 off of the explosion so far. I'm determined not to miss the next bang, though.

The two largest American futures exchanges announced plans Tuesday to consolidate and create the world's largest derivatives market, with the Chicago Mercantile Exchange set to buy the Chicago Board of Trade, its cross-town rival, for about $8 billion in stock and cash.

Link: Merc Buys CBOT To Create World's Biggest Exchange