CME boss says his exchange is not for retail investors and it's 'no secret' futures can go negative

The fund did not hold any May contracts when the price fell below zero, and trading the last few days before expiration consists of only professional investors, Duffy said. Duffy pointed out that other commodities, like natural gas, have traded negative before.

The head of the commodities exchange company said that futures contracts have always been allowed to trade negative and expose investors to unlimited losses, and that the CME Group does not try to attract retail investors who may not know the rules. "The small retail investors are somebody that we do not target. We go for professional participants in our marketplace. But at the same time, they need to make sure they understand the rules and it's up to their futures commodity merchants to make sure every participant knows those rules," Duffy said.

Oil futures have remained volatile throughout the week. The May contract bounced back above zero on Tuesday before it expired, while the June contract

He deflects by saying negative is normal, but skates around the fact that it traded in a 10 dollar range all day all month but went into a 40 dollar negative range within only the last 20 minutes, why wasn't the systems halted, too much money to be made on the long squeeze?

Then why are they allowes in IRA accounts at retail brokers?

He said it THE WAY IT IS - quit ur whining.

Guess it’s time to join the Investment Bunker 🤚🏼

Ummm....

Then why does he advertise on tv 🤔

I as D. Trader can safely say that every trader read a fucking contract! So why bother to explain bs?

Wow!!! No dog in fight BUT is this guy serious. I assume you gladly steal every dollar you can from the small Main Street investor won’t you? People like this are the problem

Hahaha. Seriously though, F this guy.

Rich man tells other rich man that he will not give him his money back.

Sick and tired of bailing out Wall Street cry babies. Trading futures or equities is gambling. No one bails out my losses..

I love it 👍🏾

So why there was a Hi / low limit column on cme website that was excluded this week?

Says after ripping off retail traders for years.

Area man who has been selling you ice cream for decades admits it's not really good for you.

Quit letting anyone and everyone get an account then

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Negative Oil Prices Pose Headache for Futures Giant CMENegative oil prices threaten to tarnish the image of West Texas Intermediate, the U.S. crude benchmark, and hurt the company that has long relied on it as a key source of revenue: exchange giant CME Group. Oil open Opec nation Iran under secret plan Fuck the oil companies I want gas pennies on the dollar. Consumer goods, groceries, EVERYTHING GOES DOWN WITH LOW OIL! Except big oil exec pockets. Let them BURN! The free market & competition will kill off the fat and weak, as it should. Thoughts and prayers. Card is in the mail.
Source: WSJ - 🏆 98. / 63 Read more »