Possible CME move for Nymex muddies the waters

A possible move by the Chicago Mercantile Exchange to bid for a 10% equity stake in the New York Mercantile Exchange may simply decrease the likelihood of anyone completing a deal with Nymex, says a source close to the exchange. And that's if it even turns into an actual bid, adds the source.

The CME would have to outbid private equity firm General Atlantic (GA), which agreed in early November to pay Nymex, the world's biggest energy futures exchange, $135 million for a 10% stake. Certainly,

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: