Zerohedge reports of the stunning admission from the CME:
Compare and contrast.
From the Chicago Mercantile Exchange 2012 10-K:
Customer Base
Our customer base includes professional traders, financial institutions, institutional and individual investors, major corporations, manufacturers, producers and governments.
And from the Chicago Mercantile Exchange 2013 10-K:
Customer Base
Our customer base includes professional traders, financial institutions, institutional and individual investors, major corporations, manufacturers, producers, governments and central banks.
There's more:
Finally, if central banks are going to be rigging the market as they now conclusively are on a daily basis, perhaps they can disclose ahead of the trading day start to everyone, and not just the primary dealers, what the closing S&P 500 price for any given day is.
Just a reminder, the CME quietly gets a bailout from the Fed via
Dodd-Frank. It helped having Chris Dodd's wife on the board of directors of the CME.
