UK Antitrust Watchdog Clears IHS Markit, CME Joint Venture
By Najiyya Budaly (July 27, 2021, 4:41 PM BST) -- The Competitions and Markets Authority said on Tuesday that it has cleared a proposed joint venture between the after-trade service subsidiaries of financial information provider IHS Markit Ltd. and CME Group, a derivatives exchange.
The decision gives a green light to the plan to combine MarkitSERV, part of IHS Markit, and CME's optimization business, which offers analysis to clients before and after a trade.
The CMA launched a probe into the proposed joint venture in June as it considered whether the venture would result in a lessening of competition within any U.K. markets for goods or services. But the clearance means that the...
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