Exchanges Lash Out At CFTC Regulation

Law360, New York (February 23, 2011, 6:05 PM EST) -- A collection of futures exchanges on Tuesday rallied against a U.S. Commodity Futures Trading Commission proposal to limit the amount of trading a contract can undergo off regulated exchanges, claiming the proposal could undermine trading activity and stifle innovation.

Eleven exchanges and fund manager BlackRock Inc. were among the 15 groups weighing in on the CFTC proposed regulations in public comments posted late Tuesday, the deadline for entities to weigh in on the CFTC's draft rule, which is designed to enhance the price discovery process by...
To view the full article, register now.