Inside these posts: Futures exchange

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CME’s Duffy: Hard to break up D.Boerse-NYSE

CME Group Inc. would find it hard to counter Deutsche Boerse AG’s takeover bid for NYSE Euronext because of the steep breakup fee on the cross-Atlantic deal, CME’s executive chairman said. Get the full story »

S&P put CME credit ratings on watch

Standard & Poor’s Ratings Services placed CME Group Inc.’s credit ratings on watch for downgrade, saying the clearinghouse’s new service for fixed-income traders may weaken its financial safeguard system.

CME, the world’s largest futures exchange by trading volume, said Monday it was launching the service for fixed-income traders that lowers trading costs for interest-rate futures. The plan in is response to NYSE Euronext teaming with the Depository Trust & Clearing Corp. to develop a facility that will let investors pool collateral posted against dealings in the interest-rate futures and cash Treasurys markets. Get the full story »

U.K. OKs CME European clearinghouse

CME Group Inc.’s European clearinghouse won U.K. regulatory approval Thursday, paving the way for the biggest U.S. futures exchange operator to expand globally.

CME plans to launch CME Clearing Europe in early 2011, the Chicago-based company said in a statement. The clearinghouse will start by clearing over-the-counter commodity products, to be followed “soon after” by over-the-counter financial products, it said. Get the full story »