Chicago Board of Trade (CBoT)'s market integrity could be
"seriously compromised by Eurex US, CBoT president and ceo
Bernie Dan has claimed.
Dan took the opportunity to register further opposition when
Commodity Futures Trading Commission (CFTC) reopened the public
comment period on Eurex's application to open a US futures
In a ten-page letter to CFTC, Dan said Eurex's block trading
rules would give "informational advantage" to the parties in a
block trade. This could affect CBoT, according to Dan, because
the US Treasury contracts Eurex plans to offer will be modelled
on those traded at CBoT.
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