CME Defends Decision To Deny Rival's Trades

Law360, New York (January 27, 2010, 4:05 PM EST) -- Shooting back at regulators, exchange operator CME Group Inc. has said its subsidiary the Chicago Board of Trade is not violating antitrust laws by refusing to allow futures trades from a potential rival.

The group responded Tuesday to a letter from the U.S. Commodities Futures Trading Commission that ordered CME to justify why it had prevented the execution of transactions by startup and potential exchange rival ELX Futures LP at the CBOT.

In spite of the CFTC's query, CME said it had not been ordered by...
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