The Bottom Line
The Chicago Mercantile Exchange and the New York Mercantile Exchange said yesterday they had launched talks for an $11 billion merger.
The Chicago Mercantile Exchange and the New York Mercantile Exchange said yesterday they had launched talks for an $11 billion merger. If the deal goes through, the CME Group would control about 95 percent of U.S. exchange-traded futures. “There is massive consolidation going on in the industry,” said Michael Henry at Accenture’s Capital Markets. “This is another great sign of that.” (Reuters)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- The 11 worst fast food restaurants in America
- I hate Ayn Rand — but here's why my fellow conservatives love her
- Here's the schedule very successful people follow every day
- The weird obsession that's ruining the GOP
- Why Peter Capaldi has a bigger challenge than any Doctor Who in history
- 7 grammar rules you really should pay attention to
- 7 things the world's happiest people do every day
- The secret to Gabrielle Hamilton's amazing grilled cheese sandwiches
- A scientific fact-check of 2001: A Space Odyssey
- What if The Purge was real?
Subscribe to the Week