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Scooped: What The Nikkei Deal Means For The Derivatives Industry

Nikkei got the scoop of the year. It purchased the Financial Times at the 11th hour from FT parent Pearson for £844 million ($1.3 billion). The big surprise was that Hong Kong Exchange and Clearing’s Charles Li, CEO and former journalist, didn’t buy it, a seeming bargain compared to the LME price tag of £1.39 billion. The media world will care much more about this deal than the rest of the globe. The journalist handwringing … 

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