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CME group fights commodity traders over rule change

Posted on 27 June 2012

CME Group Inc. (CME) attorneys told a U.S. judge that a lawsuit by Chicago Board of Trade traders and brokers seeking to preserve open-outcry price settlement belongs in a federal court, not a state court.
Twenty-four agricultural traders and brokers filed a state court lawsuit on June 22 seeking an order blocking the world’s biggest futures market from changing their traditional method of price settlement to a blended method incorporating electronic trading activity………………………………………..Full Article: Source

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