CME Group Inc, the world's largest futures exchange, is asking U.S. securities regulators to be excluded from proposed rules that would require exchanges and clearing agencies to conduct testing and be better prepared to handle trading glitches or natural disasters. In a July 8 letter to the Securities and Exchange Commission, CME said its clearinghouse for credit derivatives is already overseen by two other regulators and that CME should not be subject to the rules because it does not play a significant role in U.S. securities markets. "These significant burdens should be weighed against the purported benefit" of the new rule, wrote CME Executive Director Joseph Adamczyk. The SEC's proposal, made in March, followed a string of major disruptions in U.S. equity markets. In May of last year, technical problems at the Nasdaq OMX stock exchange marred the initial public offering of social media giant Facebook. Then in August, Knight Capital Group, now known as KCG Holdings Inc
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