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Tuesday, November 26, 2013

CME sells Nymex building for $200 mln, to lease trading floor, (NASDAQ: CME)

CME Group Inc said on Tuesday that it had sold the home of its New York Mercantile Exchange for $200 million and would lease back the trading floor and some office space for a term of 15 years.Brookfield Office Properties Inc bought the 15-story, half-million-square-foot office building in lower Manhattan, CME said in a statement. Brookfield also owns the neighboring Brookfield Place, formerly the World Financial Center."CME Group remains committed to our floor-based membership and open outcry trading services in New York, which continue to serve our customers well," said Kevin Lennon, the company's managing director of real estate.Nymex offers trading in futures on oil and metals.

CME Group Inc. (CME Group) offer 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 fell by 0.09% or $-0.07/share to $82.22. In the past year, the shares have traded as low as $49.79 and as high as $83.82. On average, 1595830 shares of CME exchange hands on a given day and today's volume is recorded at 1408601.



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