It’s been a busy?Credit Suisse Financial Services Forum in Miami for CME Group Inc.’s (NASDAQ:CME)?Chief Executive Officer?Phupinder Gill.
On Tuesday, Gill said that for the exchange,?he did not see “the advantage of going private at this time.” But he did talk about fees and noted there has been an?”intense debate” within CME to counterbalance falling volumes by charging a greater amount to customers for clearing services.
He believes at this time fees would be appropriate but the exchange would modify them when necessary. ?
Now Gill has spoken out about international consolidation at the Forum and said CME?would consider participating in it for the industry. He said via Bloomberg, “To the extent that there is a cross-border transformational deal to be done and it serves our clients, we would pursue it. But at this time I think the most important thing for our client base is to basically focus on the change and helping them get through this.?
This comes on the heels of CME’s quarterly conference call last week where Gill said that ?CME remains ?opportunistic,? but doesn’t envision any ?large? mergers and acquisitions opportunities, added Bloomberg.