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Chicago & Midwest  + Finance  |  March 30, 2018
Paul Bubny
By: Paul Bubny

CME Group in Deal for NEX

Chicago Mercantile Exchange owner CME Group Inc. has agreed to acquire NEX Group in a transaction valued at £10 per share, or about US$5.5 billion. The combination of the two derivatives marketplaces is expected to close in the second half of 2018.

“At a time when market participants are seeking ways to lower trading costs and manage risk more effectively, this acquisition will allow us to create significant value and efficiencies for our clients globally,” said Terry Duffy, CEO of CME.

“As one organization, we will be able to employ the complementary strengths of each company to serve a wider client base, while diversifying our combined businesses across futures, cash and OTC products and post-trade services,” he added.

The combined company will be headquartered in Chicago, while maintaining its European base in London. NEX CEO Michael Spencer will join the CME board when the acquisition closes.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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