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CME Group's Duffy To Testify Before House Committee On Agriculture

Date 01/10/2013

CME Group Executive Chairman and President Terry Duffy will appear before the U.S. House Committee on Agriculture, subcommittee on general farm commodities and risk management, Wednesday, October 2, to discuss protection of customer property in the futures industry.

"Customer protection is the cornerstone of our industry and we continue to strengthen our practices and consider ways to further enhance the financial safety of our customers," said Duffy.  "At the same time, we strive to avoid unnecessary cost or changes to market structure, which would negatively impact the deep pools of liquidity our customers rely on to mitigate their risks."

The hearing is scheduled for 9 a.m. Eastern time in the Longworth House Office Building. Duffy's written testimony will also be available on www.cmegroup.com at that time.