CME Group continues ban on EFFs

By Reuters
Posted Aug. 16, 2010 at 8:24 a.m.

CME Group Inc. said Monday it would continue to prohibit a trade rule called “exchange of futures for futures” that would easily allow investors to move U.S. Treasury contract positions between it and smaller rival ELX Futures LP.

The giant exchange operator said a recent letter from the Commodity Futures Trading Commission on the issue does not change the rules of its Chicago Board of Trade unit, which clearly prohibits EFFs.

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