Concerns with the CME

L

londonkid

I wanted this thread to serve as a record of concerns traders have with the CME. I am going to start off, believe me I have a few.

GFX Corp is a wholly owned subsidiary of CME Group that provides liquidity in foreign exchange futures. This is taken directly from the CME website (source http://investor.cmegroup.com/investor-relations/management.cfm?bioID=16085). Bryan Durkin is president of the firm and he is also CCO of the CME.

Now what I don't understand is why the CME group is allowed to run and operate a proprietary trading firm on an exchange that is also operates. That seems to me like a conflict of interest. Bryan is also member of the CFTC technology adviser committee. Surely this is a huge conflict of interest.
 
I agree with the first post, clear conflict of interest. Don't agree with the second post, central banks trading is not the CME's concern.
 
Visaria said:
I agree with the first post, clear conflict of interest. Don't agree with the second post, central banks trading is not the CME's concern.
More...

The reason I don't like central banks having a central bank incentive program is that they have quite deep pockets. This means they can iceberg or growler prices/price ranges at times of their choosing and unload higher up at suitable times. They can do this all at preferential rates.
 
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