CME Buying NYSE

[kayakfly]

Good stuff!

http://www.reuters.com/article/2011/02/14/cme-nyse-idUSN149088520110214

 

[ChkitOut]

well thats pretty damn interesting and hopefully they succeed. although im not a big fan of consolidation id rather keep things in house.

 

[kayakfly]

Quote from ChkitOut:

well thats pretty damn interesting and hopefully they succeed. although im not a big fan of consolidation id rather keep things in house.

My bet is that within 2 years the NYSE will be history, replaced by an entity known as the World Exchange.

You heard it here first.

 

[ChkitOut]

i think all exchanges should be non profit, but thats just me.

 

[cstfx]

They are not buying as your title implies, but considering their options. They face a tough regulatory challenge if they do make a bid, which they haven't.

 

[atticus]

CME = WCOM

BS purchase accounting.

 

[nltro]

Quote from atticus:

CME = WCOM

BS purchase accounting.

How bitter we are indeed.... Did you sell your CME stock at 35 in the IPO? Only to watch it go to 700+? Maybe you shorted at 300 with a finger down the throat at 600+?? Come on atti, lay it on us...

 

[stevegee58]

Now, kids.

 

[TraDaToR]

http://www.chicagotribune.com/busin...cme-20110215,0,5990058.story?page=1&track=rss

 

[atticus]

Quote from nltro:

How bitter we are indeed.... Did you sell your CME stock at 35 in the IPO? Only to watch it go to 700+? Maybe you shorted at 300 with a finger down the throat at 600+?? Come on atti, lay it on us...

Nitro, isn't there a Boy Scout meeting to attend to?

My only trade in CME has been from the long side. I've trade vol on the name, and looking back I see that it earned. This mad-dash to buy everything in sight smacks of WCOM and their purchase-accounting scam.