CME Group told the Commodity Futures Trading Commission (CFTC) that rules it has in place at the Chicago Board of Trade (CBOT) banning exchanges for futures (EFFs) trades is not anti-competetive towards competitor ELX Futures LP. The contested EFFs would allow a simple way to move Treasury futures contracts opened at CBOT to ELX. The CFTC had previously sided with ELX. CME Group's latest action is a 70-page letter addressed to CFTC Chairman Gary Gensler.
CME Group letter to CFTC
ISE loses appeal; index exclusivity holds
The Illinois Appellate Court has ruled in favor of CBOE, McGraw-Hill and CME Group Index Services, in index options litigation against the ISE.
ProShares launches ETF that targets highly rated corporate bonds
The ETF invests in covered bonds, a type of collateralized corporate debt typically issued by non-U.S. financial institutions.
Euro falls to 22-month low as German business confidence slides
The euro traded close to the weakest level since July 2010 versus the dollar as German business confidence slid and manufacturing shrank, stoking concern fallout from the debt crisis is spreading.
Crude options volatility rises as futures near $90 a barrel
Crude-oil options volatility rose for the first time in three days as underlying futures slipped below $90 a barrel.
