ELX Says CME Engaged In 'Anti-Competitive Agenda'

Law360, New York (February 23, 2010, 2:31 PM EST) -- In the most recent rebuttal in a months-long public feud, ELX Futures LP has told securities regulators that CME Group Inc. is “pursuing an anti-competitive agenda” in its effort to prevent certain futures transactions on its stock exchange.

In a letter to the U.S. Commodity Futures Trading Commission on Monday, New York-based start-up ELX said CME's recent defense of its decision to prevent so-called exchange of future for futures transactions, or EFFs, on its clearinghouse was unresponsive to regulators' competition concerns.

Instead, the reasoning in a...
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