CME Group Statement On CFTC Reauthorization

CME Group, the world's largest and most diverse derivatives exchange, released the following statement regarding the reauthorization of the Commodity Futures Trading Commission (CFTC) by the House and Senate.

"CME Group commends the House and Senate Agriculture Committees, and Congress, for their reauthorization of the Commodity Futures Trading Commission. In addition to providing much needed transparency in exempt commercial markets involving energy and commodity products, this legislation improves CFTC oversight of off-exchange retail foreign exchange trading and requires the CFTC and the Securities Exchange Commission to implement long overdue risk-based portfolio margining rules for security futures products."

"Most importantly, however, Congress' reauthorization of the CFTC for an additional five-year period reaffirms Congress' understanding of the vital role that this agency plays in regulating exchange-traded futures and options markets, and provides greater certainty with respect to the regulatory philosophy and market structure that has greatly facilitated competition, innovation and growth in the U.S. futures markets, as well as our ability to effectively compete in global markets." -- www.cme.com

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