Exchanges score win with CFTC speed bump ruling

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By Ross Lancaster
16 May 2019

The US Commodity Futures Trading Commission has given a boost to derivatives exchanges that are introducing passive liquidity protection for some of their contracts.

In an announcement on Wednesday, the CFTC’s Division of Market Oversight (DMO) gave the go-ahead for the Intercontinental Exchange to introduce speed bumps on its gold daily and silver daily futures contracts.

The speed bumps impose a three millisecond delay on incoming orders for the futures. This would ...

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