Exchanges defend self-certification at CFTC meeting

Listing of bitcoin futures has sparked calls for more transparency on new contracts

Military shields

US futures exchanges are pushing back against a proposal that would require them to disclose whether clearing members were consulted before listing new products.

The Chicago Board Options Exchange and Chicago Mercantile Exchange have come under fire from clearing banks and regulators after they began trading bitcoin futures contracts last month. Futures commission merchants (FCMs) say they were not given an opportunity to air concerns about the contracts, and have called for changes to the self

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: