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CME fights back against Department of Justice

CME Group fought back against US anti-trust authorities whose claim that futures exchanges controlling their clearing has inhibited competition caused the Chicago market's shares to drop by more than $100 (€68.3) each in one day.

The US Department of Justice said in a letter to the Department of the Treasury that the control exercised by futures exchanges over clearing services “has made it difficult for exchanges to enter and compete in the trading of financial futures contracts.

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