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CME chief executive says company plans to sue CFTC after perpetual futures approval
CME Chief Executive Terrence Duffy said the derivatives provider planned to sue the U.S. Commodity Futures Trading Commission (CFTC) after it approved perpetual futures products earlier this month. The CFTC’s approval of Kalshi’s perpetual futures product did not meet the requirements of the Dodd-Frank Act governing swaps, he told CNBC on Wednesday. “Under the Dodd-Frank...
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