ICE completed its acquisition of SuperDerivatives; the CFTC is considering whether to require that contracts for non-deliverable forwards be guaranteed at clearinghouses that accept collateral from buyers and sellers.
Chicago Mercentile Exchange will reduce livestock trading hours from the current schedule of 23 hours to as few as six hours a day on Fridays, Bloomberg reported. The change is expected to be implemented later in October, pending CFTC approval.
On Tuesday, Leo Melamed, widely known as the father of financial futures, addressed an audience of Futures industry professionals at the CTA Expo, offering personal stories of his experiences that got him to where he is today.
London Metal Exchange’s dismissal from the antitrust case is being appealed by two groups of plaintiffs who accused LME and its owner of allowing anticompetitive and monopolistic behavior in its warehousing network.