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CME plans to cut board size

Exchange group is assessing the best way to trim down a 30-member board

The chairman of CME Group said the exchange operator plans further cuts to a 30-member board that is twice as large as its closest US rivals.

Chicago-based CME's director ranks were swollen by two big acquisitions in 2007 and 2008, and the board's scale has attracted criticism from investors and shareholder rights' advocates.

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