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CME Group Downgraded: Analyst Sees Cutthroat Competition From BGC Group, Cboe Global & Intercontinental Exchange

Sep 3, 2024, 2:15 PM EDT1 sourcesAI-analyzed

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BofA downgraded CME Group to Underperform, lowering price target to $177. CME faces competition from BGC, Cboe, and ICE, risking market share. CME may cut interest rate future prices by over 10% due to BGC's FMX. CBOE's index options volume expected to grow 15% CAGR through 2026.

  • BofA downgraded CME Group to Underperform, lowering price target to $177.
  • CME faces competition from BGC, Cboe, and ICE, risking market share.
  • CME may cut interest rate future prices by over 10% due to BGC's FMX.
  • CBOE's index options volume expected to grow 15% CAGR through 2026.

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