Summary
CHICAGO (HedgeWorld.com) - CME Group Inc., the product of the newly joined Chicago Mercantile Exchange and Chicago Board of Trade, on Tuesday [Oct. 23] entered into new partnerships with exchanges in Brazil and Korea.
The Chicago-based commodity and derivatives giant completed an agreement with the Brazilian Mercantile & Futures Exchange (BM&F), based in Sao Paulo, Brazil, that will see CME Group take a 10% equity stake in the Brazilian exchange when the BM&F closes its initial public offering later this year. In return, the BM&F will receive a 2% share in CME Group. According to CME Group, the deal is the first cross-equity arrangement between a U.S. exchange and a Latin American exchange.See the full content of this document
Extract
Cme Group Does Deals in Brazil, Korea
Also included in the deal is an order-routing arrangement that will connect the CME Globex electronic distribution ne...
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