UPDATE 2-CME snags a big prize as NYMEX deal approved

Newswire

(Adds background, analyst quotes, updates share price) By Jonathan Spicer and Ros Krasny NEW YORK/CHICAGO, Aug 18 (Reuters) - CME Group Inc's stranglehold on the U.S. futures market grew tighter on Monday with the approval of its $7.6 billion purchase of energy and metals trading market NYMEX Holdings Inc . The Chicago-based company will now control some 98 percent of the trading in U.S. futures and options on futures. CME has said the NYMEX transaction will close on Friday. The ...

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