CME Group, the world's largest and most diverse derivatives exchange, today announced that CME Group Executive Chairman Terry Duffy will appear before the U.S. House Committee on Agriculture Tuesday to discuss proposed changes to the Commodity Exchange Act.
"CME Group supports legislation that enhances enforcement capabilities of our market regulator, the Commodity Futures Trading Commission, as well as proposals that bring greater transparency and accountability to commodity markets," Duffy said. "However, it is essential to avoid any legislation that would constrain our already weakened market system, damage the competitiveness of U.S. markets, hurt consumers or result in less transparency."
The hearing is scheduled for 1:00 p.m. Eastern Standard Time Tuesday in the Longworth House Office Building. The testimony will be available at 1:00 p.m. Eastern time.