CME Group’s Deal With NEX to Greatly Boost its Fixed Income and FX Businesses

[kreslik.news]

It’s been 10 years since the CME Group has done a major acquisition and earlier today the company officially confirmed its bid for NEX Group. The deal is set to reshape the global fixed income market and significantly boost CME’s involvement in FX with the crown jewel of the deal: BrokerTec.

The size of the deal is estimated at £3.9 billion ($5.5 billion), a figure which many analysts and industry insiders see as quite significant. Considering the previous big acquisition of the CME Group, that of NYMEX back in 2008, the deal is ... (read more)