CFTC-regulated, thinly-traded, all-electronic derivative exchange USFE puts itself for sale.

No Gravatar

USFE&#8217-s press release:

U. S. Futures Exchange Evaluating Strategic Alternatives
Sale of Exchange Sought by Year-End

CHICAGO, December 17, 2008 – The board of directors of the U.S. Futures Exchange (USFE), over the last several weeks, has actively sought a strategic sale of its operations, with the goal of reaching a resolution by December 31, 2008.

We are currently in the process of seeking a strategic investor who can leverage the vision of the USFE market model,” said Bernard W. Dan, chairman, USFE. “As this process moves forward, the marketplace can count on the continued professionalism of the USFE employees who have led a bold vision to pioneer new futures products.

The board of directors of USFE is made up of 3 independent directors as well as representatives of its three principal shareholders MF Global Ltd., Man Group plc, and U.S. Exchange Holdings, Inc. USFE was formed in 2006 through a capital investment by Man Group plc.

About U.S. Futures Exchange
Chicago-based U.S. Futures Exchange offers specialized products to meet the unique market demands of retail, hedge fund and institutional customers in a fully-regulated, centrally-cleared futures and options exchange. U.S. Futures Exchange was formed in 2006, following a capital investment from Man Group. For further information, visit

More info: Reuters

The US futures exchanges should not control clearing.

No Gravatar&#8230- says the US DOJ.

The Justice Department called for a shake-up of financial-futures exchanges, saying current policies may have inhibited competition. – WSJ $$$

Chicago Tribune



Read the previous blog posts by Chris F. Masse:

  • I get a kick each morning out of spying on the rich, famous, and powerful people updating their LinkedIn profile and connections. (Go to “InBox”, and click on “Network Updates”.)
  • ??? BetFair bet-matching logic ???
  • Eliot Spitzer has simply demonstrated once again that those who rise to the top of organizations are very often the most demented, conflicted individuals in any group.
  • Business Risks & Prediction Markets
  • Brand-new BetFair bet-matching logic proves to be very controversial with some event derivative traders.
  • Jimmy Wales accused of editing Wikipedia for donations.
  • What the prediction market experts said on Predictify