REUTERS/Fred Prouser
- CME Group, the Chicago-based derivatives trading giant, has approached UK trading technology firm NEX Group over a potential acquisition.
- NEX, with a market cap of around $2.5 billion, said in a UK regulatory statement that it had received a preliminary approach from CME after Bloomberg first reported CME's interest.
- "Discussions are at an early stage and there can be no certainty that an offer for NEX will be made, nor as to the terms of any offer, if made," the firm said.
- CME's stock price gained on the news, while NEX Group shares also jumped.
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See Also:
- Wall Street trading firm trueEx is set to launch a derivatives platform for cryptocurrency
- 'I leave with my heart full and head held high': A senior exec at trading technology firm ITG is out
- 'We all better listen up': The CEO of an FX trading firm says Wall Street needs to pay attention to the breakneck growth of crypto exchanges
