September 13, 2018 / 11:56 AM / 12 days ago

UK competition watchdog launches probe of exchange operator CME's deal to buy NEX

Sept 13 (Reuters) - Britain's antitrust watchdog is launching an investigation into whether U.S. exchange operator CME Group's $5.5 billion acquisition of NEX Group will lessen competition, the regulator said on Thursday.

CME agreed to buy NEX in March, creating a cross-border powerhouse for investors trading in the multi-trillion dollar foreign exchange and government debt markets.

The Competition and Markets Authority (CMA) said it would announce by Nov. 8 whether it will refer the deal for an in-depth investigation. (Reporting by Arathy S Nair in Bengaluru; Editing by Jan Harvey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below