CME Plans Lawsuit Against CFTC Over Perpetual Futures Approval
Outgoing CME CEO Terrence Duffy has announced that the exchange operator intends to sue the Commodity Futures Trading Commission (CFTC). The planned legal action is in response to the CFTC's decision to approve perpetual futures. This development signals a dispute between the major exchange and the regulatory body.
Outgoing CME CEO Terrence Duffy has stated that the exchange operator will initiate legal proceedings against the Commodity Futures Trading Commission (CFTC).
The lawsuit will focus on challenging the regulatory agency's approval of perpetual futures.
According to CNBC Markets, this move highlights a disagreement between a prominent exchange operator and its regulator regarding new financial product approvals.
