The Obama administration's plan to increase oversight of the derivatives markets is expected to have a substantial effect on Chicago's futures industry. CME Group Chairman Terry Duffy, Vice Chairman Charlie Carey and Chicago Mayor Richard M. Daley met recently to discuss how the changes would affect the futures industry. Daley's concerns center on how the changes would affect employment, while the CME leaders are urging Congress to quickly pass legislation that would require more over-the-counter derivatives to be traded on exchanges.

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