CME seals deal with CBOT

- Alexander Campbell
- 10 Jul 2007

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Competition from ICE forced CME to raise its all-share bid by $3 billion to over $11 billion, but shareholders voted to accept the CME's bid yesterday afternoon. The exchanges must now resolve the outstanding issue of membership rights in the Chicago Board Options Exchange. CBOT members will lose their rights to trade on the CBOE once the merger is completed, and will need compensation.

CBOT president Bernard Dan said the merger would leave the exchange "ready to compete in the global environment", sparking speculation of further takeovers ahead.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

More on Exchanges

Exchanges

Celebrating 20 years of innovation – Hong Kong’s ETF market today

09 Dec 2019

Exchanges

Asia’s ETF assets on the rise – HKEX presents the results of Asia ETF survey 2019

Asia’s total ETF assets surged by 23.9% in the first half of 2019 thanks to an increasing adoption of ETFs into investment portfolios. According to a survey conducted by Hong Kong Exchanges and Clearing (HKEX), asset expansion in Asia’s ETF market is set…