CME wins welcome boost in bid for CBOT

An influential proxy organisation recommended that Chicago Board of Trade shareholders approve a deal with rival futures market Chicago Mercantile Exchange, as the Intercontinental Exchange urged them not to be "sold short" by their board.

Institutional Shareholder Services said the integration risk of a CME/CBOT merger is low because the two exchanges began using the same clearing system in 2003.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions