After FTX.US, CME Group proposes direct derivatives trading

CME Group, one of the largest exchanges for trading of derivatives and other financial contracts, filed paperwork to register as a so-called futures commission merchant (FCM), according to a report by The Wall Street Journal.

If the exchange’s plans are approved by regulators, then traders would be able to trade derivatives directly through CME rather than through brokers. CME’s plan is similar to FTX.US’s proposal to allow traders to post margin and trade crypto derivatives directly on its platform.