CME buying CBOT for $8 Billion

funny how the NYMEX IPO got priced all of a sudden

from the newswires


- The New York Mercantile Exchange on Wednesday set an estimated price range for its initial public offering, just a day after the Chicago Mercantile Exchange's bid for the Chicago Board of Trade stoked interest in the already hot bourse sector.
The Nymex said it'll go public at an estimated $48 to $52 a share.-
 
Is this story in today’s Financial Times a sign of things to come?

CME grapples with possible metals conflict

The Chicago Mercantile Exchange could close the metals trading business it will inherit from the $8bn deal with the Chicago Board of Trade to preserve its new commodities with the New York Mercantile Exchange.
 
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