CMA cashes out to CME Group

CMA was founded in 2001 by former credit derivatives trader Forbes Elworthy, who managed the company up until 2005 when he moved to New Zealand but retained ownership and remained chairman of the board. Elworthy has now severed his ties with CMA, which will be entirely owned by the CME Group.

CME Group, formerly known as the Chicago Mercantile Exchange (CME), has grown significantly in the past year; in July 2007, it closed an $11.9 billion merger with the Chicago Board of Trade, and last mon

To continue reading...