Business

Futures Huge CME Reviewer Futures Broker, Takes Opinion From Crypto Rival FTX


CME Group Inc. criticized crypto exchange FTX’s plan to cut out the middlemen in the futures market. Now, the Chicago exchange giant is taking a step in the same direction.

In August, the CME filed the paperwork to register a futures commission trader, or FCM – essentially, a brokerage firm that allows investors to buy and sell futures contracts on market of CME. If the application is approved and CME enters the brokerage business, investors can bypass existing brokers and connect directly with the exchange operator to execute transactions. future translation.

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