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Ghost of MF Global haunts CME

The Chicago-based futures exchange saw its credit rating cut by S&P and could face further downgrades after collapse of MF Global

More than three months after the collapse of MF Global, fallout continues to beset the collapsed futures firm's front-line regulator, CME Group.

The Chicago-based futures exchange on Wednesday saw its credit rating cut by Standard & Poor's and could face further downgrades because of reputational damage linked to the 31 October collapse of MF Global.

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