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Tuesday, October 28, 2014

CME Group interested in buying Korea Exchange stake if shares for sale, (NASDAQ: CME)

The head of CME Group has expressed interest in buying a stake in South Korea's main exchange operator if Korea Exchange offers to sell some of its shares, CME's South Korea representative Hong Sung-hee said on Tuesday. Korea Exchange spokesman Noh Byung-soo said he was aware of CME Chief Executive Phupinder Gill's remarks but said the exchange had no plan to sell shares. Korea Exchange is owned by a group comprising dozens of local financial companies but is designated as a public enterprise.

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 0.4% or $-0.33/share to $81.98. In the past year, the shares have traded as low as $66.44 and as high as $84.71. On average, 1577860 shares of CME exchange hands on a given day and today's volume is recorded at 1129618.