Futures Industry Association (FIA) has cast
doubts over Chicago Mercantile Exchange (CME)'s acquisition of
Chicago Board of Trade (CBoT), arguing that the newly combined
CME Group would be anti-competitive.
In a statement from FIA, the organisation said that the deal
runs counter to what it has long advocated - more competition
in the exchange and clearing space. "FIA acknowledges that the
merger could have short-term cost savings and operational
efficiencies," it said. "In FIA's view, however, it would
concentrate significant market power in the new CME Group,
substantially lessen competition among US futures exchanges and
raise even higher the barriers to entry for new
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