By Scott Patterson and Jenny Strasburg
U.S. regulators are about to take a big step toward reining in
high-frequency trading: defining what it is.
On Wednesday, a Commodity Futures Trading Commission subcommittee...
In the past ten years the futures industry has initiated rule changes,
algorithm changes and most recently hours changes, in a self-destructive
trend favoring aggressor market takers over passive market...
* CFTC commissioner hosts meeting of traders in Chicago
* Chilton favors registering high-frequency traders
* Public comment period set to start soon
By Tom Polansek
CHICAGO, June 11 (Reuters) - The Commodity Futures...
BY Michael Donlon
So much for a good nights sleep. The CME Group has decided to match its
competition and go with a longer trading day. Soybeans, corn, rice and
CME GROUP SUED BY TRADERS OVER SETTLEMENT RULES--REPORT
A group of two dozen brokers and traders filed suit in Cook County, Ill. Friday in an attempt to stop CME Group. (CME) from instituting new rules in its commodity exchanges that would reduce the role of pit traders in determining settlement prices, Reuters reported Friday.
The suit is a last stand by the pit traders against the new rules, which are due to take effect Monday. In May, CME and subsidiary CBOT said they would change the price-settlement system to an algorithm that considers both floor trading and electronic trading, Reuters reported.