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Two US financial exchanges are in talks over a titanic £12bn merger

Two US financial exchanges are in talks over a titanic £12bn merger

The CME Group has approached fellow Chicago firm Cboe Global Markets with a view to snapping it up

Two US financial exchanges are in talks over a titanic £12bn merger. The CME Group has approached fellow Chicago firm Cboe Global Markets with a view to snapping it up, the Financial Times reported. 

CME, the world’s largest trading venue for complex financial instruments known as derivatives, has offered 0.75 of its own shares for every Cboe share. 

This would value each Cboe share at around $150, above their current price of $123. Cboe owns the Vix volatility indices, several exchanges and a clearing business in Europe. Bo

Read more at DailyMail.co.uk