Effective September 15, 2014, The Chicago Mercantile Exchange, Inc. (CME), the Board of Trade of the City of Chicago, Inc. (CBOT), the New York Mercantile Exchange, Inc. (NYMEX), and the Commodity Exchange, Inc. (COMEX), notified the Commodity Futures Trading Commission (CFTC) of the adoption of Rule 575 (“Disruptive Practices Prohibited”).
Average executive compensation rose a median 32% in 2013 at exchanges compared to falling 10% in 2012--here are the 10 highest paid CEOs in the exchange and order execution space for fiscal year 2013 as reported by KBW.
The secured claims consists of mainly employee wage priority claims and CME Group claims; the unsecured general creditor claims include claims filed by introducing brokers, trade vendors, employees, and others according to the spokesman.
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost and complexity to FCM compliance.