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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 Inc 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."There's no plan at all on any stake sale," Noh said by telephone, adding any decision on whether to sell any shares would be a matter for South Korea's government.CME's Hong said he understood Gill's remarks were made on a conditional basis, rather than indicating any concrete deal talks coming up soon.

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.