CME Group's chief executive on Tuesday shot down the possibility that the giant futures exchange operator will go private any time soon, a day after it was revealed that Nasdaq OMX Group had discussed such a move. Phupinder Gill, who took the reins at CME in May, told investors at a Credit Suisse conference in Miami that he did not see "the advantage of going private at this time."CME, which owns the 165-year-old Chicago Board of Trade and offers trading on assets from oil to interest rates, would not be more flexible if it was privately held, Gill said, noting the exchange operator would still be regulated by agencies like the Commodity Futures Trading Commission.CME shares began trading publicly in 2002.Private equity firm Carlyle Group recently approached Nasdaq about taking Nasdaq private, but the talks fell apart over a disagreement on price, sources familiar with the deal said on Monday.
CME Group Inc. (CME Group) offers a range of global products across all asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. Shares of CME traded higher by 0.5% or $0.285/share to $57.22. In the past year, the shares have traded as low as $49.54 and as high as $60.92. On average, 2064590 shares of CME exchange hands on a given day and today's volume is recorded at 900609.
The NASDAQ OMX Group, Inc. (NASDAQ OMX) is a holding company. Shares of NDAQ traded higher by 0.16% or $0.05/share to $30.43. In the past year, the shares have traded as low as $21.03 and as high as $32.15. On average, 1439440 shares of NDAQ exchange hands on a given day and today's volume is recorded at 2369161.
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