We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

DOJ Questions Exchange-Owned Futures Clearing

Law360 (February 6, 2008, 12:00 AM EST) -- Federal antitrust regulators have suggested changing the rules to bar futures exchanges from controlling their own clearing mechanisms, arguing that the current system potentially hinders competition among exchanges.

The Antitrust Division of the U.S. Department of Justice advised the U.S. Department of the Treasury of its conclusions in a letter dated Jan. 31.

The CME Group Inc., which controls about 85% of the U.S. futures trading market and owns the Chicago Mercantile Exchange, responded by voicing support of the current regulations, which permit exchanges to run...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.