CFTC Says CME's Exchanges Need More Compliance Staff

The Commodity Futures Trading Commission said Wednesday that CME Group needs to add more compliance staff to oversee its commodity exchanges.

"The compliance staff dedicated to the exchange was unchanged since the division's last review, despite a significant increase in trading volume and products traded," the CFTC said in a statement.

The enforcement review covered trading in 2009.

The CFTC's Division of Market Oversight recommended that CME add compliance staff because of an increase in trading volume as well as types of products traded.

The CFTC also recommended that CME issue disciplinary decisions promptly after a hearing and better document those decisions. The commission also urged CME to impose "meaningful" sanctions on members to discourage repeat offenses.

CME had done a good job of harmonizing trading rules at its four exchanges, the commission added.

-By Jamila Trindle, Dow Jones Newswires; 202-862-6684; jamila.trindle@dowjones.com

CME (NASDAQ:CME)
Historical Stock Chart
From May 2024 to Jun 2024