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Floor traders drop CME lawsuit over grain rules

Sep. 16, 2014 3:34 PM ETCME Group Inc. (CME) StockBy: Stephen Alpher, SA News Editor
  • "[The] plaintiffs today are acknowledging what CME has said all along: The claims are meritless and should have never been brought in the first place," says NASDAQ:CME Group in a statement, noting the plaintiffs will not be receiving any money in exchange for pulling the suit.
  • At issue was CME's (the owner of the CBOT) move to include electronic transactions to determine closing grain prices, a decision the traders claim was made with getting proper approval from members, and one that would put them out of business.

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