London's Baltic Exchange has received interest from exchanges and financial operators, including the London Metal Exchange and CME Group, for its dry freight derivatives platform, Baltex, sources familiar with matter said. "The Baltic Exchange has received expressions of interest. There have been exploratory talks. It is at an early stage," one source said.The LME and CME both failed to comment on Tuesday.Baltic Exchange Chief Executive Jeremy Penn said: "The Baltic has business relationships with a number of exchanges and clearing houses and therefore is often in dialogue with them. Such dialogue of course includes matters related to Baltex. This does not mean that there are active negotiations under way."
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 remained unchanged at $77.29. In the past year, the shares have traded as low as $49.54 and as high as $79.45. On average, 2057770 shares of CME exchange hands on a given day and today's volume is recorded at 0.
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