Chicago Mercantile Exchange Holdings (CME)

The Intercontinental Exchange of Atlanta launched an unsolicited $9.9bn offer for the Chicago Board of Trade that would break up the CBOT's agreed merger with the Chicago Mercantile Exchange. The proposed bid was 10.5 per cent higher than the CME's indicative offer.

CME plunged more than 5%, ICE (ICE) 3.1%. CBOT (BOT) jumped up 17.1%.

Technically, the CME now has a strong resistance at 575. Prices accelerated to the downside printing an impulse. The retest of 510 is now likely.