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Thursday, Aug 16
2012, 2:53 PM
Top CME brass met today with customers and futures industry bigwigs to consider an insurance...
Top CME brass met today with customers and futures industry bigwigs to consider an insurance fund to help safeguard trader capital in the wake of MF Global and Peregrine. Such a move would be a reversal for CME, which thinks a fund would be too costly and encourage moral hazard risk in the same way federal guarantees allow banks to play fast and loose.