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In the News: Pushing the legal envelope
09.16.2016
Two court cases currently slogging their way through the US judicial system could help define the enforcement powers of the Commodity Futures Trading Commission (CFTC) for decades to come.
The CFTC's targets in the two legal battles are a pair of very different companies. One is Kraft, the Illinois-based food giant whose brands have included household names such as Chips Ahoy! cookies, Ritz Crackers and Kool-Aid. The other is DRW Holdings, the Chicago-based proprietary trading firm that engages in liquidity provision, as well as high-speed and algorithmic trading strategies, on exchanges around the world.
Both are fighting the CFTC's charges of market manipulation.