Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,010.90
    -60.73 (-1.20%)
     

  • Dow

    37,832.80
    -628.12 (-1.63%)
     

  • Nasdaq

    15,491.85
    -220.90 (-1.41%)
     

  • Bitcoin USD

    63,726.04
    -2,192.65 (-3.33%)
     

  • CMC Crypto 200

    1,374.48
    -8.09 (-0.59%)
     

  • FTSE 100

    8,050.89
    +10.51 (+0.13%)
     

  • Gold

    2,334.10
    -4.30 (-0.18%)
     

  • Crude Oil

    82.49
    -0.32 (-0.39%)
     

  • 10-Yr Bond

    4.7270
    +0.0750 (+1.61%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

CME Group not looking to be spoiler on LSE deal, CEO says

Reuters
Men enter the CME Group offices in New York

(Reuters) - CME Group Inc <CME.O>, the largest U.S. futures exchange operator, is not currently considering a counter bid to Hong Kong Exchanges and Clearing's <0388.HK> $39 billion takeover approach for the London Stock Exchange <LSE.L>, the head of the company said on Wednesday.

CME is "laser focused" on the integration of its recent $5 billion acquisition of UK-based financial technology company NEX and growing its core franchise, Chairman and Chief Executive Officer Terry Duffy said in an interview in New York.

Duffy said he was not surprised by Hong Kong's interest in LSE, which is separately pursuing a $27 billion deal to buy data company Refinitiv, but added that the premium for the centuries-old British bourse was getting pretty high.

"It's really a bet-the-franchise type of transaction and so you have to say to yourself, 'well, who else could possibly get in there who's got that kind of fire-power without betting the franchise' and I don't know anybody that does."

(Reporting by John McCrank; Editing by Sandra Maler)