Appeals Court Orders SEC To Review RMJ Trading System
THIS WEEK'S LEAD STORIES
A federal appeals court in Chicago wants the Securities and Exchange Commission to define an exchange. The request is part of an Aug. 17 ruling that could affect RMJ's Over-the-Counter Options Trading System.
The court opinion is just the latest event in a sustained legal campaign the Chicago Board of Trade and the Chicago Mercantile Exchange have waged against the RMJ system, which they view as a competitive market. The ruling could shut down the RMJ system, at least temporarily, and will
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