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’CME’s Nymex bid set to trigger battles
The CME Group’s $11.3bn bid for energy exchange Nymex is facing opposition from within the derivatives industry over concerns that it will create a dominant exchange with excessive pricing power. The
CME in $11bn move for Nymex
The CME Group on Monday confirmed it is in preliminary talks to buy energy exchange Nymex for about $11bn in a deal that would cement its position as the world’s most important futures market. Just six months after the CME acquired the Chicago Board of Trade for $12bn,
Nymex in talks with CME
Is Nymex at last going to succeed at reeling in a suitor? The exchange has long been trying to get a hand in the consolidation game going on amongst its global peers.
Last summer, Nymex was rumoured to be making eyes at the Chicago Mercantile Exchange,
Nymex in talks with CME and NYSE
A two-way tussle for control of the New York Mercantile Exchange is likely to be deferred until later this year after the energy and metals-trading specialist unexpectedly revealed it had held takeover talks,
Nymex plans stock offer
Energy exchange Nymex Holdings is planning a stock offering that could be valued in excess of $1bn as its owners attempt to take advantage of the healthy rise in the company’s stock price since its 2006 IPO,
NY and Chicago exchanges hit records
Nymex Holdings, the parent company of the New York Mercantile Exchange, and CBOT Holdings, the parent company of the Chicago Board of Trade, both reported record fourth-quarter and full-year earnings on the back of buoyant financial and commodity market trading activity at the two futures exchanges.
Nymex cuts ties to plan for British futures market
Nymex, a lonely champion of open-outcry trading, is cutting its last ties to an ill-fated plan to set up a trading floor in Britain, reports the New York Times. The commodities market has quietly applied for “derecognition of exchange” with British regulators,