CME Denies Reports of a Rumored $16 Billion Bid for Rivals Cboe

On Wednesday 19th, the Financial Times reported that CME, a futures exchange platform, made a $16 billion bid to take over its Chicago rival Cboe exchange. However, shortly afterward, CME came out and flatly denied the rumors. This news had a very significant impact on the market prices of each of the company's stocks.  CME Rumored to Bid for Cboe According to the financial times' news outlet, CME had put a bid earlier on Wednesday planning to take over the…