In the US, the futures exchanges in Chicago and New York have their own regulator…the Commodity Futures Trading Commission. And despite the fact they have moved into financial instruments in a big way that dwarfs pork bellies, they are beyond the purview of the SEC. In Congress, they fall under agriculture committees, and you can bet the legislators on those committees aren’t going to give up the visits from wealthy futures players – not to mention their campaign contributions.

Filed under: Exchanges, Technology