CME’s Gill Says Would Consider Joining Overseas Consolidation

CME Group Inc., the world’s largest futures market, would consider participating in an international consolidation of its industry, Chief Executive Officer Phupinder Gill said.

“To the extent that there is a cross-border transformational deal to be done and it serves our clients, we would pursue it,” he said today at the Credit Suisse Financial Services Forum in Miami. “But at this time I think the most important thing for our client base is to basically focus on the change and helping them get through this.”

Gill said on the company’s Feb. 5 quarterly conference call with investors that while CME remains “opportunistic,” it doesn’t see any “large” opportunities in mergers and acquisitions.

To contact the reporter on this story: Alan Goldstein at agoldstein5@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.