CME group has completed the $9.4bn purchase of New York Mercantile Exchange (Nymex) in a deal that will further stretch the Chicago derivatives exchange’s claims as the world’s largest.
Barely a year after completing the acquisition of Chicago Board of Trade, CME Group has completed another coup in snatching Nymex.
The deal will see the former Chicago Mercantile Exchange grow as a multi-asset exchange with the addition of a strong arm of energy and metals adding to its extensive suite of financials and softs and ags. It will also inherit Nymex’s OTC platform, Clearport as part of the deal.
CME Group hopes the...