CHARTVIEW: JUST KIDDING
Futures, Mar 2008
From Tuesday Feb. 5 through the following day, share prices in the U.S. futures exchanges cratered, prompted by a comment letter from the U.S. Department of Justice to the Treasury department that said vertically integrated trade execution and clearing was anticompetitive. As knowledge of the letter spread, an already jittery market dumped shares in those companies.
The CME Group's market cap plunged $7.5 billion; Nymex lost $2.4 billion and Intercontinental Exchange (ICE) lost $1.2 billion.
Copyright Futures Magazine Group Mar 2008
Provided by ProQuest Information and Learning Company. All rights Reserved
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