Financial Times FT.com

CME to leave NYSE for Nasdaq

By Anuj Gangahar in New York and Hal Weitzman in Chicago

Published: June 30 2008 20:41 | Last updated: June 30 2008 20:41

Shares in the CME Group, the world’s largest futures exchange, will next week cease trading on the New York Stock Exchange and list solely on the Nasdaq, the NYSE’s main rival for listings in the US.

Analysts said the move was likely to sour relations between NYSE Euronext, the parent company of the NYSE, and the CME, the two largest US exchange groups. The NYSE is aiming to break into the futures business, which is dominated by the CME, and hopes to gain its licence to trade futures as soon as next month.

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