CME/CBOE volatility battle continues

12 Apr 2004

Standard & Poor's is attempting to broker a solution to the battle between Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME), over who has exclusive rights to trade futures on S&P volatility indices.
S&P has been negotiating with both exchanges in an attempt to resolve the matter, a spokesperson told FO Week.

However, the legal battle was set to continue on Thursday. The court hearing was expected to introduce more...

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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.