After FTX.US, CME Group proposes direct derivatives trading: WSJ

CME Group is following in the footsteps of Sam Bankman-Fried’s FTX.US, proposing to regulators its own plan to offer derivatives trading directly to consumers. CME Group, one of the largest exchanges for trading of derivatives and other financial contracts, filed paperwork to register.

CME’s plan is similar to FTX.US’s proposal to allow traders to post margin and trade crypto derivatives directly on its platform. Still, CME spoke out against FTX’s similar proposal. During a congressional hearing in May, CME Group CEO Terence Duffy asserted FTX.US made “false claims of innovations that are little more than cost-cutting regimes.”. Regarding FCMs and risk management, a CME spokesperson told the Journal that, “Our commitment to the FCM model.

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