CME draws ire from customers with futures broker plan

Quick Summary:

The FIA said its members “strongly believe inherent conflicts of interest exist” when one company controlled critical market functions such as trading and clearing, while also acting as an intermediary.

While it has some industry regulating powers, it is overseen by the Commodity Futures Trading Commission, the federal regulator.

Customers of CME Group have strongly criticised the US futures exchange after it was given the green light to become one of their main competitors.

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Article Details

Author / Journalist: Jennifer Hughes

Category: MarketsFinanceInvesting

Markets: United States

Topics: Broker Market Trading Executive Brokers Futures Exchange Industry Interest Group Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 05:00:12 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 832 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23441826

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 14 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

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