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)
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The Bottom Line
January 29, 2008
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