Early Quoted on Commodity Futures Trading Commission

Foley Partner Scott Early was quoted in an article that appeared in Financial Times on August 16, 2010 titled “Blow to CME over futures trading.” Early discusses a decision issued by the Commodity Futures Trading Commission (CFTC) that rejected a claim by the Chicago Mercantile Exchange (CME) that a futures contract offered by ELX, a smaller rival, was illegal. He states that the decision demonstrates the CFTC’s willingness to break regulatory taboos, adding that the agency is looking at the CME with a blank slate and is not bound by years of regulatory history.