Last Wednesday's CFTC meeting finally
brought an end to the most torturous and highly scrutinised
exchange approval in the regulator's history. It was clear from
the closing remarks of the three commissioners that the process
had been an arduous one, a fact easily verifiable by reading
the 148-page document from CFTC's division of market oversight.
The point-by-point dissection of every part of Eurex's
application and the public comments relating to it reads like a
meticulous effort to fend off any criticism for granting the
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