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Article: CFTC get dual trading stats, defenses. (Commodity Futures Trading Commission receives data about floor trading practice)
- Article from:
- Futures (Cedar Falls, IA)
- Article date:
- July 1, 1989
- Author:
CopyrightCOPYRIGHT 1989 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CFTC gets dual trading stats, defenses
Most U.S. futures exchanges are taking the hard line and defending dual trading on their floors. They have a good reason: Allowing floor brokers to trade for their own accounts as well as fill customer orders adds liquidity to many contracts.
Responses by exchanges to a March 8 letter from the Commodity Futures Trading Commission (CFTC) requesting dual trading data showed the practice accounting for varied but significant volume in their most active contracts.
The CFTC asked for dual trading data covering a week or more of trading activity in late 1988 for each exchange's "most active, moderately active and ...