CME Squares Up to Tougher Scrutiny
By Gregory Meyer, Kara Scannell and Hal Weitzman
Published December 12 2011 Financial Times
Washington lawmakers looking to repair derivatives markets after the MF Global debacle will have to listen to a formidable voice from Chicago: CME Group. The largest US futures exchange operator audited MF Global’s futures broker business before the discovery that as much as $1.2bn in clients’ funds went missing in the aftermath of its bankruptcy.
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