date:Mar 22, 2013
y wanted access to the market during the morning, according to the statement.
Our decision-making process must involve tradeoffs between diverse client points of view, CME said.
The plan to cut trading hours comes after CME in May increased the cycle to 21 hours a session from 17 hours in response to a challenge from arch-rival IntercontinentalExchange Inc.
Market makers said the increase spread out volume, reducing liquidity and CME had quantitative evidence that supported the complaints, ac