Ganoderma has bought $5 billion 500 million for the British NEX to build a stron
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CME Group (CME.O), the US exchange operator, agreed to buy NEX Group (NXGN.L) for 5 billion 500 million dollars, and build it into a strong cross-border exchange trader, who can invest in trillions of dollars of foreign exchange and bond market.
NEX's founder and chief executive, Michael Spencer, said in a statement that the merger of two companies will enable investors to first make spot and futures trading and store services through a supplier, improving the pipeline to enter the market.
After the takeover, Spencer will join the board of Zhi Shang's board of directors and serve as a special adviser to the company.
"The decision to choose London as its European headquarters also shows great support for the British financial services industry," Spencer said.
The company's headquarters will be in Chicago after the merger.
Terry Duffy, chairman and chief executive of the Institute, said the new company will help investors to reduce transaction costs and improve risk management.
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