CME Group loses trading rights appeal

The Chicago Board Options Exchange has had a verdict over its trading rights upheld, in a victory that boosts its prospects in respect to its two largest crosstown rivals, which agreed a $12bn (€8.8bn) merger in July.

Delaware Court Judge John Noble yesterday denied an appeal by CME Group, as the merged Chicago Mercantile Exchange and Chicago Board of Trade is known, to reverse his decision to suspend the trading rights hearing.

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