Washington, D.C.—Feb. 5, 2008—Today the Treasury Department made public a comment letter from the antitrust division of the Justice Department regarding the structure of the U.S. futures markets. In response to inquiries from the press about this letter, the FIA is releasing the following statement:
“The FIA has consistently supported polices that promote competition in the futures industry,” said FIA President John Damgard. “We agree with the Justice Department’s recommendation that the Treasury Department review whether exchange-controlled clearing of financial futures best serves market participants and the overall competitiveness of our financial markets. The FIA would welcome a study of these important issues by the Treasury Department or the Commodity Futures Trading Commission.”
