NYSE to Offload Matif Wheat Futures
Mon Feb 11, 2013 02:32 PM CST

(Dow Jones) -- NYSE Euronext plans to spin off Europe's largest grain futures market as part of efforts to secure regulatory and political backing for its planned takeover by IntercontinentalExchange Inc.

The Paris-based Matif wheat futures market would be included alongside the four European stock markets earmarked to be spun off as part of the ICE deal, according to a spokesman for NYSE Euronext.

The contract is the world's third-largest wheat futures market by volume, and trading activity has climbed sharply in recent years as bad weather dented output in the European Union, which provides about a fifth of global ...

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