On February 10, 2009, the American Civics Exchange (see our previous post) received an official acknowledgment from David Stawick, Secretary of the CFTC. The CFTC website, however, does not yet list ACE in their directory of eBOTs. It will, ultimately —in all logic.

UPDATE: The Hill on ACE…

Institutional investors might use the exchange to hedge their risks, as in buying an insurance policy.

For example, a fund that holds stock in Wal-Mart and other retailers might be worried about a drop in value if Congress approves card-check, formally known as the Employee Free Choice Act. That bill would make it easier to form unions by allowing workers to choose union representation if a majority of workers sign authorization cards, and ending the right of employers to be able to demand a secret-ballot election.