US futures regulators are to examine whether for-profit exchanges should be allowed to continue with their self-regulatory functions, following suggestions from some quarters that the current system is open to abuse.
Commodity Futures Trading Commission (CFTC) chairman Jim Newsome said CFTC is looking into issues surrounding self-regulatory organisations (SROs) at for-profit exchanges.
During a Chicago visit last Wednesday, Newsome told FO Week, "The role of firms has changed and they are even sometimes competitors...