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Article: CME Group and the Brazilian Mercantile & Futures Exchange Agree to Cross-Equity Stakes and Exclusive Order Routing Deal.
- Article from:
- PR Newswire
- Article date:
- October 23, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Long-term partnership may be expanded to joint product development, off-shore collateral management services and clearing access arrangements.
CHICAGO and SAO PAULO, Brazil, Oct. 23 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse exchange, and the Brazilian Mercantile & Futures Exchange S.A. (BM&F), the world's fourth largest derivatives exchange and the largest derivatives exchange in Latin America, announced today that they have signed a non-binding letter of intent covering a proposed cross-investment between them. Under the arrangement, CME Group will acquire an equity stake of approximately 10 percent in BM&F in exchange for an ...