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Wednesday, March 6, 2013

CME Group will 'certainly' consider M&A if target emerges -CFO, (NASDAQ: CME)

CME Group Inc would be open to making a large acquisition if doing so would generate better returns, the exchange operator's chief financial officer said on Wednesday. "We have all the right pieces in place we feel ... We don't feel compelled to go out and do any particular M&A deal," James Parisi said. But, he added: "If a great opportunity were to arise where we can create shareholder value through some type of M&A opportunity, we will certainty take a look at it."

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 1.26% or $0.77/share to $61.95. In the past year, the shares have traded as low as $49.54 and as high as $61.85. On average, 2324330 shares of CME exchange hands on a given day and today's volume is recorded at 601313.