Alaron nets Indian commodities broker deal

20 Apr 2007

Chicago's Alaron Trading has secured an exclusive deal to provide access to global commodity futures exchanges for customers of India's Reliance Money. The contract will offer Reliance's customers access to markets including Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange and New York Board of Trade, the firms said.

Reliance Money is part of one of India's three largest private sector...

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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.