CME Group Statement on CFTC Reauthorization
May 23 2008 - 8:00AM
PR Newswire (US)
CHICAGO, May 23 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives exchange, released the
following statement regarding the reauthorization of the Commodity
Futures Trading Commission (CFTC) by the House and Senate. (Logo:
http://www.newscom.com/cgi-bin/prnh/20070712/AQTH147LOGO ) "CME
Group commends the House and Senate Agriculture Committees, and
Congress, for their reauthorization of the Commodity Futures
Trading Commission. In addition to providing much needed
transparency in exempt commercial markets involving energy and
commodity products, this legislation improves CFTC oversight of
off-exchange retail foreign exchange trading and requires the CFTC
and the Securities Exchange Commission to implement long overdue
risk-based portfolio margining rules for security futures products.
Most importantly, however, Congress' reauthorization of the CFTC
for an additional five-year period reaffirms Congress'
understanding of the vital role that this agency plays in
regulating exchange-traded futures and options markets, and
provides greater certainty with respect to the regulatory
philosophy and market structure that has greatly facilitated
competition, innovation and growth in the U.S. futures markets, as
well as our ability to effectively compete in global markets." CME
Group (http://www.cmegroup.com/) is the world's largest and most
diverse derivatives exchange. Formed by the 2007 merger of the
Chicago Mercantile Exchange (CME) and the Chicago Board of Trade
(CBOT), CME Group serves the risk management needs of customers
around the globe. As an international marketplace, CME Group brings
buyers and sellers together on the CME Globex electronic trading
platform and on its trading floors. CME Group offers the widest
range of benchmark products available across all major asset
classes, including futures and options based on interest rates,
equity indexes, foreign exchange, agricultural commodities, and
alternative investment products such as weather and real estate.
CME Group is traded on the New York Stock Exchange and NASDAQ under
the symbol "CME." The Globe logo, CME, Chicago Mercantile Exchange,
CME Group, Globex and E-mini, are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the
Board of Trade of the City of Chicago. Further information about
CME Group and its products can be found at
http://www.cmegroup.com/. CME-G
http://www.newscom.com/cgi-bin/prnh/20070712/AQTH147LOGO
http://photoarchive.ap.org/ DATASOURCE: CME Group CONTACT: Media,
Allan Schoenberg, +1-312-930-8189, or Mary Haffenberg,
+1-312-930-3435, , or Investor Contact, John Peschier,
+1-312-930-8491 Web site: http://www.cmegroup.com/
http://www.cmegroup.mediaroom.com/
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