Bill Brodsky, chairman and CEO at Chicago Board Options Exchange has called for an overhaul of US regulation, describing his domestic market as “crying out for a change”.
“Regulation is out of touch, it does not represent today’s markets,” he added.
Brodsky highlighted the recent approval granted both Commodity Futures Trading Commission (CFTC) and Securities Exchange Commission (SEC) to CBOE’s SPDR gold trust as a classic example of the pressing need for an...