The combined company will be called CME Group Inc. and will bring together two proven industry-leading innovators providing one of the world's most liquid marketplaces with average daily trading volume approaching 9 million contracts per day which represents about $4.2 trillion in notional value.
The talk of merger has been under way for nearly a year with thoughts of a possible merger having been spoken of for decades. Scott Appleby, an analyst at Deutsche Bank (DB) was quoted in this NYTimes article as saying, "As I've always said, this is the one merger that made the most sense."
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