"August 25, 2008 To Our Valued Customers, We are extremely pleased today to officially announce that NYMEX and COMEX are now part of CME Group. Together, we will continue to operate as the largest and most diverse derivatives exchange. ... " :eek:
CME group continues to recogonize cost savings due to cbot merger and more coming from nymex aqcuisition. Additionally, global competitive forces and declining volume will result in no fee increases. You do not raise fees to increase volume in a declining cost environment. New products and technology innovation, clearing of regulated swaps, and general credit conditions will lead to increased volume, revenue and net profits in due time. Leveraging the brand and technology of the CME group globally will result in long term organic growth and unlock the value of this exchange. Unjustified fee increases would draw the ire of the DOJ and guarantee problems with any future acquisition and possible future antitrust actions.