Shareholders approve CME / Nymex deal
Shareholders at the Chicago Mercantile Exchange (CME) and the New York Mercantile Exchange (Nymex) have voted in favour of a merger between the two exchanges.
Class A members at Nymex have also approved the merger in a separate vote.
CME group executive chairman Terry Duffy says the merger will give the new entity a stronger position in the global market to compete with other exchanges and the over-the-counter market.
"We are pleased that shareholders of both exchanges have given their support for this transaction," said Duffy in a statement.
The transaction is expected to close on 22 August.
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