CME, ELX Continue EFF Donnybrook

Neal Wolkoff, CEO of ELX Futures, an electronic futures exchange, responded on Jan. 27 to CME Group's Jan. 26 statement, which itself was a response to the Commodity Futures Trading Commission (CFTC) letter to the CME Group notifying it that the CBOT cannot prohibit execution of EFF trades or discipline participants in such trades.

In a letter to the CFTC, Wolkoff asks that the CME to issue a corrective statement concerning "misleading statements" on three points about EFF transactions. The first

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