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.
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