Man and Eurex Join Together to Create US Futures Exchange

Man Group plc has agreed to buy a 70 percent stake in Eurex AG's failed US futures unit for USD23.2mn in cash as it seeks a bigger share of the global futures market. The report on Bloomberg  says Man Group, which is already the fourth-largest U.S. futures broker, said it will succeed where Eurex failed because it will offer new derivatives products for hedge funds and retail investors instead of competing with established exchanges.