Monday, June 11, 2007

CME deal to buy CBOT gets antitrust approval

(Reuters) - "While the evidence suggests that competition between CME and CBOT has, at times, provided some incentive for them to develop and offer new products, it does not indicate that continued innovation depends on competition between the parties," the Justice Department said.




The proposed deal had raised antitrust concerns, including a warning by the Futures Industry Association, a trade group representing U.S. futures brokers.


Read more at Reuters.com Business News

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