Stocks for the major exchanges, including the Chicago Mercantile Exchange, NYSE Euronext (NYX), and Nasdaq Stock Market, Inc. (NDAQ), all rose on news of record-setting trade volumes in Q2 2007. Uncertainties due to subprime lending and other concerns have driven very high trade volumes as investors buy and sell off stock.
CME's new offer of $11.5 billion is expected to close the deal. CME's stock price rose, as it seems unlikely that a competitor will be able to outbid it for CBOT.
CME raised its bid for the Chicago Board of Trade (CBOT) to $9.9 billion, trying to ward off higher offers from its competitors.
Stocks around the globe, including CME’s, traded much lower on news of a widespread selloff in the Chinese stock market. This day was termed “Grey Tuesday” by The Economist.
CME added to the S&P 500 index