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And the figures are typically submitted only once a month to the CME Group, the for-profit exchange that serves as the self-regulator.
The committee also sought input from the Futures Industry Association, an influential trade group, and the CME Group, the for-profit exchange that polices brokerage firms.
The Chicago Merc would become the first major United States exchange to shift to for-profit status under the plan, which would convert memberships in the not-for-profit exchange to equity stakes in a Delaware corporation.
The CME Group, the for-profit exchange that also has the task of policing the futures markets, announced on Thursday that it would create a $100 million fund to protect farmers and ranchers from losing their funds in the event of another collapse like that of MF Global.
Responding to that void, the CME Group, the for-profit exchange where MF Global conducted much of its business, said Thursday that it would start an insurance plan for farmers and ranchers that would cover up to $100 million in losses suffered in the event of another bankruptcy by a firm that trades with it.
"We want to make sure that as Nasdaq becomes a for-profit exchange, it removes itself from regulatory and infrastructure responsibilities in the market," said Jean-Marc Bouhelier, the chief operating officer of the Instinet Group, which has agreed to merge with another network, Island ECN Between them, the networks say they account for about 22percentt of all trading in Nasdaq stocks.
It began as a for-profit exchange before the team recognized the massive usability gap.
"We'd like a broker-dealer body, a regulatory body and a for-profit exchange not run by people whose interest is in standing between trades".
For one thing, peer-to-peer technology is too complex for most casual users of the internet, necessitating the use of for-profit exchange services like Coinbase.
It has also spread to stock markets around the world where for-profit exchanges are taking steps to attract their business.
Compared with other for-profit exchanges, the ICE board and senior executive suite is a little lean on people with high-profile regulatory credentials.
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