GFM Network News

CME buys Kansas City exchange

Next step Deal expected to boost trading of hard red winter wheat 
and may put Minneapolis Grain Exchange in play

Reading Time: 2 minutes Reuters / CME Group is buying the Kansas City Board of Trade for $126 million in cash, cementing CME’s dominance in world grain futures markets and keeping rival IntercontinentalExchange from gaining an important foothold. It is CME’s first exchange purchase in five years since it wrapped up a buying spree that put the Chicago Mercantile […] Read more