According to public court documents, US Judge Thomas Durkin has cancelled a planned trial into the practices of CME Group, parent to the Chicago Mercantile Exchange and other companies, defending its home turf against rivals. This decision casts a 14 year old antitrust lawsuit into limbo.
The lawsuit, brought by Eurex, the derivatives arm of Deutsche Börse, alleged that the world’s largest futures exchange undermined Eurex’s plan to wrest CME and the Chicago Board of Trade’s market share of prized contracts like Treasury bond futures, via a venue called US Futures Exchange.
The parties now have to wait for the court’s written opinion on the pending motions for a summary judgment, the document said. The opinion could come in a month’s time.
Full Content: Financial Times
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