Fox Business Network: "A Breakup of the CME is on the Table"

FOX Business Network [FBN] Senior Correspondent Charlie Gasparino reports “a breakup of the CME is on the table” as they face increasing scrutiny over their involvement in the collapse of MF Global. Gasparino reports that a breakup of the Chicago Mercantile Exchange would make “the regulation arm of the CME tougher on member firms like MF Global.” The CME responded by saying “the system did not fail, the firm did by breaking the law.” Excerpts from the report are below, courtesy of Fox Business Network.

On the future of the CME in the wake of the collapse of MF Global:

“Senior regulatory sources are telling the FOX Business Network a breakup of the CME is on the table. Is it going to happen tomorrow? No. But regulators are scrutinizing whether the CME did enough on the MF Global implosion. Theoretically by breaking it out, the regulation arm of the CME could be tougher on member firms like MF Global. The CME is saying the system did not fail, the firm did by breaking the law.”

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