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CME Plans to Offer Direct Derivatives Trading

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CME Plans to Offer Direct Derivatives Trading

The Chicago Mercantile Exchange (CME Group) has just submitted a proposal to regulators that includes arranging derivatives trading without the involvement of intermediaries, the Wall Street Journal has reported.

FTX has previously filed with the CFTC a similar idea to register as a futures commission merchant (FCM).

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CME Group CEO Terrence Duffy opposed FTX’s proposal in May at a congressional hearing, calling it a «false claim of innovation that is little more than a cost-cutting mechanism.»

The WSJ has highlighted the approval of CME’s application could undermine FCM’s business, which will face lower commissions from a new competitor.

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The exchange launched options on Ethereum in September.

Источник: ru.ihodl.com

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