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Article: CME Group Announces Substantial Completion of NYMEX Integration.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
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On Track to Achieve $60 Million in Cost Synergies
CHICAGO, Nov. 5 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, today announced that it has substantially completed the integration of NYMEX and COMEX. The company also confirmed that it is on track to deliver an estimated $60 million in cost synergies associated with the August 2008 acquisition.
The company has completed all major milestones associated with the integration, including:
-- Integrating membership and fee systems;
-- Combining back-end clearing systems;
-- Migrating NYMEX and COMEX trading floors into one New York ...