Commodity Futures Trading Commission (CFTC) chairman Jim Newsome last week welcomed the prospect of foreign futures and securities exchanges to establishing themselves in the US and said regulators would have to work together on the issue.
Speaking to reporters in Chicago, Newsome also announced a broad range of priorities for 2003 including plans to continue investigating illegal energy trading, approving narrow-based futures indices and facilitating talks on competitive clearing.
On the issue of overseas exchanges, he said CFTC's cooperation with Securities and...