Chicago mis-trades could lead to rule change

A Commodity Futures Trading Commission (CFTC) director said that the mini-Dow futures trade that sent the market spiraling on 3 July may forge some rule changes for electronic trading in markets in the US.

CFTC director Mike Gorham told FO Week that the investigation into the trade or trades, which sent the September Dow futures plummeting 584 points and the December contract down 576 points in less than one minute at Chicago Board of Trade (CBoT), may lead...