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CME Group and Nymex revise agreement

18 Jul 2008

CME Group and Nymex Holdings have revised the terms of their merger agreement, representing CME Group's full and final offer to acquire New...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.