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Chicago futures exchanges hit back at Eurex antitrust lawsuit

US regulator gives longer for German exchange application

The US regulator, the Commodities Futures Trading Commission (CFTC), has dropped Eurex's application to become a US exchange under its fast-track process, in order to allow more time for public scrutiny.

The CFTC's move follows the decision by the German-to-Swiss owned exchange to sue its Chicago rivals, the Chicago Board of Trade (CBOT) and Chicago Mercantile Exchange (CME), for illegally trying to stop its application to become a US exchange. Both exchanges have described Eurex's legal action as derisory and without merit.

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