CME Group/ELX battle over rule

摘要

Exchange of futures for futures (EFF) transactions are legal, a point the CFTC reiterated in January to CME Group, and the regulator and ELX Futures are waiting for further justification for why such transactions should not be allowed.rnThe CFTC's Division of Market Oversight in January sent a letter to CME Group stating that it disagreed with the Chicago Board of Trade's "suggestion" that EFF transactions could not be permitted because they violated the Commodity Exchange Act (CEA).