CME could see Nymex as next target traders
Oct 17, 2006 | 02:17 PM
Chicago Mercantile Exchange Holdings Inc. (CME) could look at acquiring the New York Mercantile Exchange once it has completed its just-announced $8-billion friendly takeover of the Chicago Board of Trade (CBOT), traders said.
One Nymex trader told AMM that there was a general feeling across the trading floor that the exchange could be acquired by the CME within the next two years as it looks to pull all the trading platforms together under one organization. "There is a belief that Nymex will be taken over by Chicago or it will buy enough shares to take a controlling stake within the next couple of years," he said. "It has enough money and firepower to do it."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.