CME Group (Nasdaq: CME), the operator of one of the largest US derivatives exchanges, has denied press reports on a $16 billion bid for the Chicago Exchange , Cboe Global Markets. According to the Financial Times, which first produced the article, CME allegedly contacted fellow Cboe for an 'all-share' billionaire deal.
However, the operator issued the following statement: “CME Group denies all rumors that it is in conversations to acquire Cboe Global Markets. The company has not had any discussions with Cboe whatsoever. While the company does not typically comment on rumors or speculation, today’s inaccurate information required correction.” On the other hand, when asked about the alleged bid, Cboe told Financial times that it “does not comment on market rumors or speculations.”
Cboe Global Markets is the current owner of the Vix indices and contracts, plus three stock exchanges, a broad portfolio of share trading and clearing business in Europe, among other products. Also, CME Group offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec, and foreign exchange trading on the EBS platform, among other financial assets. As of press time, there are no additional comments from both parties regarding the bid’s rumors.
Recent CME Trading Metrics
Recently, CME Group published its key trading metrics for July. According to the report, the average daily volume (ADV) of Forex came in at 735,000 contracts last month. Though the absolute number looks strong, there was a yearly drop of 3% in forex demand, while the figures went down by 20.7% compared with the previous month’s numbers.
Furthermore, the total ADV of contracts of all asset classes trading on the exchange came in at 17.1 million for the month, which is 25% higher than the numbers reported in July 2020. This figure was at 18.3 million in June 2021.
