Donohue comes out fighting

These are interesting times for the CME. I have followed the performance of the company’s shares ever since they were listed at what now looks like the unbelievable bargain price of $35 back in December 2002. The shares recently peaked at just over $700, but they have fallen back and are trading around $535. One of the factors behind the recent fall is the news that the US Department of Justice has called for the break up of the CME’s vertical silo. The exchange also owns its clearing house, which the Department of Justice feels stifles competition.