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 Bottom Line
January 29, 2008
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