NYSE Euronext could become the fourth horse in the ongoing Chicago Board of Trade (CBoT), Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE) M&A sweepstake.
NYSE, which closed its deal with Euronext on 4 April (see FO Week Vol 12 No 14) and is looking to build its own US futures exchange (see FO Week Vol 12 No 18), may turn up with a new bid that could add another twist in what is becoming a drawn out and increasingly controversial merger and acquisition soap opera. While it is still speculation at this point, exchange shareholders and analysts said there is a solid possibility that NYSE could jump into the fray in the coming weeks with its own bid for CBoT.
Brendan Caldwell, president and CEO of Caldwell Investment Management and a shareholder of NYSE Euronext, Chicago Board Options Exchange (CBOE) and several other exchanges, said NYSE Euronext...