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CME to buy rival Kansas City exchange, head off ICE
CME Group Inc. on Wednesday agreed to buy the Kansas City Board of Trade for US$126 million in cash, cementing CME’s dominance in world grain futures markets and keeping rival IntercontinentalExchange (ICE) from gaining an important foothold. It is CME’s first exchange purchase in five years since it wrapped up a buying spree that put […] Read more
Chicago traders revolt at change in CME rules
Chicago pit traders are up in arms against a CME Group plan to use electronic trading to set grain and livestock closing prices, a move they fear will drive another nail in the coffin of open-outcry dealing. CME Group, already under fire from many traders for its delay in getting money returned to customers after […] Read more