LOOSE CHANGE
LOOSE CHANGE
The Chicago Mercantile Exchange's chairman Jack Sandner appeared before the US Senate urging adoption of seven amendments to the Commodity Exchange Act of the Treasury Amendment, which was designed to exclude the interbank, spot and forwards markets from the jurisdiction of the Commodity Futures Trading Commission, but has instead led to "widespread customer abuse" and the trading of futures contracts in the OTC markets. "Unregulated bucket shops, Internet dealers and even the retail trading
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