CME Group action late but at least is something.

Posted on February 2, 2012 by Eli Radke • 1 Comment

I have not seen everything in the futures industry but I have enough perspective to know that the MF Global was a big a deal. I am not sure why the CME has not come to restore some faith.  I have always seen the CME as having “midwest” values. To help your neighbor if you can.

I do not know why they have not done more to compensate those that lost. It would seem that it would not be a violation in their fiduciary responsibility. More money in their accounts = more volume = more revenue.  I trade financial products so I can not speak for ag portion but it is safe to say that they provide important liquidity for the food we eat everyday. It is important to everyone in the US if not the world.

Today the CME announced that it would provide a $100M Fund to Provide Additional Protection for Family Farmers and Ranchers.  Nice start, I guess.

Source: http://cmegroup.mediaroom.com/index.php?s=43&item=3237

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  • http://twitter.com/NicTrades Nicola

    I am a huge fan of farmers and I realise that family farmers and ranchers are more sympathetic figures to the general public than us “speculators” but at the end of the day we are all doing the same thing, providing an income for our families. 
    CME creating a special fund and special protection for a special group of customers stinks.  They should be enforcing the rules and protecting all their exchange participants equally.

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