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NEW YORK, Oct 20 - CME Group is in strong position to make acquisitions, armed with low debt and robust earnings, Chief Executive Officer Terry Duffy told Reuters, even as the world's largest derivatives exchange operator faces rising competition.
"I believe that we have put ourselves in the strongest position of anybody in our space globally as it relates to potential M&A," Duffy said in an interview, citing CME's strong earnings and AA- credit rating.CME's debt is less than one times its EBITDA, Duffy said, below the ratio of rivals Intercontinental Exchange , Nasdaq and CBOE .
Some analysts question whether CME can sustain growth internally when interest rates become more predictable, volatility decreases and more competition enters the exchange space. Investors would like CME to generate more stable sources of revenue for periods when markets are not volatile, Bond said.
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