CME Group acquiring Kansas City Board of Trade

Under the deal, CME Group will now trade both soft red and hard red winter wheat contracts.

John Hawkins

Published: Oct 17, 2012

CME Group and the Kansas City Board of Trade today announced they have signed a definitive agreement under which CME Group will acquire the Kansas City Board of Trade (KCBT).

Under the terms of the transaction, CME Group will pay $126M in cash for KCBT.

CME Group has committed to maintain a committee made up of KCBT market participants to advise on HRW wheat contract terms and conditions for at least three years, and to maintain the historic KCBT trading floor in Kansas City for a period of at least six months.

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