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CME sambas with BM&F

by Jim Kharouf

CME Group and Brazilian Mercantile & Futures Exchange (BM&F) have signed a non-binding letter of intent that would give the Chicago exchange a 10% stake in BM&F and put Brazilian contracts onto the Globex platform.The deal marks CME’s foray into the Latin American market and will connect Globex to BM&F’s platform and network. For its part, BM&F will take a 2% stake in CME and...

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