Rough Justice for the Chicago Merc

In the face of recent regulatory criticism, the futures-exchange firm's stock has been slammed by investors fretting over the fate of its merger with Nymex

Having watched their stock lose almost $134 a share, nearly 22%, in two days of withering criticism from the Justice Dept., leaders of the Chicago Mercantile Exchange are firing back. They sought on Feb. 6 to reassure investors that any dramatic industry changes would require prolonged hearings and an act of Congress, and are extremely unlikely.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.