Nex and CME confirm talks

CME Group considers acquisition of Nex, with decision due by April 12

michael-spencer-icap
Analysts say Nex’s management, including Michael Spencer, will require a significant premium to sell

CME Group is considering buying Nex, the operator of the EBS foreign exchange trading platforms, the company has confirmed, following press reports citing talks between them.

“Discussions are at an early stage and there can be no certainty that an offer for Nex will be made, nor as to the terms of any offer, if made,” Nex said in a statement on March 15, adding that a further announcement will be made if appropriate.

CME now has until 5pm on April 12, 2018 to announce whether it intends to

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