CME and FINRA aim to work more closely on supervision

04/25/2012 | Fox Business

The chairmen of CME Group and the Financial Industry Regulatory Authority say the self-regulatory organizations plan to work more closely to supervise companies that conduct business in the stock and derivatives markets. CME Chairman Terry Duffy said improved communication between the organizations is part of an effort to respond to the collapse of MF Global. "We believe this will allow the coordinators on both sides to get to know one another better and to increase the sharing of information," according to Duffy's prepared testimony for a Senate committee hearing.

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