CME to Buy GFI's Fenics and Trayport Pricing, Trading Tech Businesses


Rather than a straightforward acquisition, the deal will be achieved through a merger of CME and GFI and a subsequent spin-off of GFI's wholesale brokerage business to a private consortium of GFI's management.

Following the deal, GFI will continue to operate its wholesale brokerage business as normal, but will establish long-term commercial agreements with CME around market data. For example, Fenics will become a wholly-owned subsidiary of CME, but will continue to act as the sales agent for GFI

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: