Deutsche Boerse said it was not in talks with Chicago Board of Trade owner CME Group, after a report that the German stock exchange had received a tentative approach from the U.S. company."Deutsche Boerse AG is not in merger negotiations with CME Group. As repeatedly communicated, Deutsche Boerse Group's primary strategic focus is on organic growth," it said on Monday.Bloomberg, citing four people familiar with the situation, had reported that CME approached Deutsche Boerse to consider talks on a tie-up, adding Deutsche Boerse was hesitant about entering talks.A spokeswoman for CME in Chicago declined to comment.
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 1.42% or $0.83/share to $59.14. In the past year, the shares have traded as low as $49.54 and as high as $60.92. On average, 2142700 shares of CME exchange hands on a given day and today's volume is recorded at 357280.
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