CME Group Inc is evaluating its next move in a bidding war for derivatives broker GFI Group Inc, the exchange operator's incoming chief financial officer said on Wednesday. The comments from John Pietrowicz, CME's deputy CFO, were the company's first since interdealer broker BGC Partners Inc on Tuesday launched a $675 million hostile bid for GFI, topping an agreed-upon offer from CME."We are monitoring the situation and evaluating the situation," Pietrowicz said in the webcast of an investor conference.Pietrowicz is set to become CME's CFO when Jamie Parisi, who has held the job for a decade, retires from the company at the end of the year.
BGC Partners, Inc. (BGC) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products. Shares of BGCP fell by 0.52% or $-0.04/share to $7.67. In the past year, the shares have traded as low as $5.10 and as high as $8.01. On average, 1149540 shares of BGCP exchange hands on a given day and today's volume is recorded at 294861.
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 traded higher by 0.41% or $0.31/share to $75.99. In the past year, the shares have traded as low as $66.44 and as high as $84.71. On average, 1341680 shares of CME exchange hands on a given day and today's volume is recorded at 271054.
GFI Group Inc. (GFI) is a provider of wholesale brokerage services, clearing services and electronic execution and trading support products for global financial markets. Shares of GFIG fell by 1.23% or $-0.07/share to $5.62. In the past year, the shares have traded as low as $2.98 and as high as $5.77. On average, 962230 shares of GFIG exchange hands on a given day and today's volume is recorded at 179166.
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