Options back-up deal

22 Sep 2003

Chicago Board of Trade has entered into separate agreements with the Philadelphia Stock Exchange (PHLX) and Pacific Stock Exchange (PCX) to develop back-up trading arrangements in the event that trading is...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.