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CFTC criticises ICE’s market oversight
09 March 2010
The Commodity Futures Trading Commission has recommended that ICE Futures US should expand its regulatory oversight team after concluding that its compliance team was under “notable strain”.
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[CFTC]
[IntercontinentalExchange]
[ICE Futures US]
Sources close to the Atlanta-based commodity exchange told FOW, that it believes the findings are too harsh, as its compliance team is larger than those of many other exchanges.
The CFTC review of the bourse’s ability to self-regulate assessed ICE’s compliance with “core principles” relating to audit...
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