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”).
The CFTC Division of Enforcement has closed the investigation that was publicly confirmed in September 2008 concerning silver markets. The Division of Enforcement is not recommending charges to the Commission in that investigation.
Originally published in our 2007 "Agents of Change" special issue, this piece chronicles Philip McBride Johnson's involvement in the regulatory structure of the futures industry and his role in bringing financial instruments to the futures markets.
CME Group's Craig Donohue will be retiring as CEO of the CME Group, the exchange announced today. Current exchange President Phupinder Gill will take over CEO position while Executive Chairman Terry Duffy will take on president duties.