Futures exchanges would be expected to create defenses against disruptive technology failures, but might not have to upgrade current policies under a proposal issued by the U.S. derivatives regulator. The proposal from the Commodity Futures Trading Commission, approved Thursday on a 4 to 1 vote, would establish new principles for risk management, but largely relies on exchanges such as those owned by CME Group Inc. and Intercontinental Exchange Inc. to decide how to comply with them. The plan breaks with a stricter approach...

Source: Wall Street Journal June 25, 2020 18:45 UTC