Cantor Gets CFTC Approval & Lawsuit While CBB Prepares A Launch This Week

ELECTRONIC TRADING

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NEW YORK--After receiving approval from the Commodity Futures Trading Commission (CFTC), the Cantor Financial Futures Exchange electronic trading system, renamed the Cantor Exchange (CX), for US Treasury bond futures went live last Tuesday.

Wasting no time, Cantor's rivals, the Chicago Board of Trade (CBOT), the Kansas City Board of Trade and the Minneapolis Grain Exchange filed suit the next day in US federal court against the Commission, charging that the approval of the CX violates federal law

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