U.S. markets closed
  • S&P 500

    4,395.26
    -23.89 (-0.54%)
     
  • Dow 30

    34,935.47
    -149.06 (-0.42%)
     
  • Nasdaq

    14,672.68
    -105.59 (-0.71%)
     
  • Russell 2000

    2,226.25
    -13.78 (-0.62%)
     
  • Crude Oil

    73.81
    +0.19 (+0.26%)
     
  • Gold

    1,812.50
    -18.70 (-1.02%)
     
  • Silver

    25.55
    -0.23 (-0.90%)
     
  • EUR/USD

    1.1871
    -0.0025 (-0.21%)
     
  • 10-Yr Bond

    1.2390
    -0.0300 (-2.36%)
     
  • GBP/USD

    1.3906
    -0.0051 (-0.37%)
     
  • USD/JPY

    109.6150
    +0.1540 (+0.14%)
     
  • BTC-USD

    41,755.48
    +3,114.77 (+8.06%)
     
  • CMC Crypto 200

    955.03
    +5.13 (+0.54%)
     
  • FTSE 100

    7,032.30
    -46.12 (-0.65%)
     
  • Nikkei 225

    27,283.59
    -498.83 (-1.80%)
     

EU regulators set July 20 deadline for CME Group, IHS Markit JV

·1 min read

BRUSSELS, June 17 (Reuters) - EU antitrust regulators have set a July 20 deadline for their decision on CME Group and IHS Markit's proposed joint venture for over-the-counter markets, a European Commission filing showed on Thursday.

CME Group and London-headquartered financial information provider IHS Markit announced their plan to form a post-trade services joint venture in January.

The EU competition enforcer can clear the deal with or without concessions or it can open a four-month investigation following the end of its preliminary review if it has serious concerns.

CMA, Britain's antitrust watchdog, this month launched an investigation into the deal, setting a July 30 deadline for its phase 1 decision.

Business information provider S&P Global Inc in November last year announced a bid - $44 billion in stock - to acquire IHS Markit to create a new data powerhouse serving Wall Street and the corporate world. (Reporting by Foo Yun Chee; editing by Jason Neely)