CFTC: Ice compliance staff under “strain”
The IntercontinentalExchange (Ice) Futures US compliance team has been under “strain” and should hire additional staff, according to a recent Commodity Futures Trading Commission (CFTC) review.
The CFTC report highlighted the reduction in the exchange’s compliance team since 2004, the last time it carried out a similar review. It noted the team’s experience, but said it was affected by several “significant events” during the review period of June 1, 2007 to June 1, 2008. New York-based Ice Futures US is a global soft commodity futures and options exchange.
According to a statement from the CFTC: “These events placed a notable strain on staff’s ability to fulfill important self
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