CME to retire Nex, revives EBS as sub-brand

The deal between the two firms will go ahead after full regulatory approval in all jurisdictions

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CME-Nex deal: birth of a giant in OTC and exchange FX, as well as US treasuries and commodities

CME Group has completed the acquisition of Nex, following regulatory approval for the deal to go ahead. The group announced it will retire the Nex brand and bring back EBS as a sub-brand for CME. 

The UK’s Competition Authority approved the deal on October 31, and courts sanctioned the arrangement on November 1.

“CME Group will retire the Nex name and brand, but will continue to operate its individual markets and optimisation businesses as sub-brands, including BrokerTec, EBS, Traiana and

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