CME Group fines teacher pension plan over hog trades
Chicago's CME Group plans to open an exchange in London later this year. (Reuters / March 11, 2014)
Chicago-based CME fined the board $15,000 and ordered it give up nearly $18,000 in profits for exceeding position limits on two dates in March 2013, according to a disciplinary notice. The pension plan had assets worth almost $141 billion as of Dec. 31.
A board representative could not immediately be reached for comment.