CME Group Inc plans no further moves to reduce volatility in its cattle futures market, after making a series of changes to rein in wild price swings that drove away hedgers, a managing director said on Wednesday to Reuters. Over the past two years, the exchange operator, which owns the Chicago Mercantile Exchange and other markets, has cut trading hours, implemented new rules on order messaging and taken other steps to limit volatility in its cattle market. CME claims there are no more problems to solve and are content to keep things as they are, but other stakeholders believe that while some improvements have been made, the market remains volatile. Read more…
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