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Chicago Tribune
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The Commodity Futures Trading Commission approved a final rule allowing brokers to bundle futures and options orders for large institutional investors, a change designed to speed trading. Futures brokers can make trades for certain eligible customers in a group and later allocate the transactions to each investor, eliminating a requirement that each order be tagged with identifying information. The Chicago Mercantile Exchange had pressed for those and other changes, arguing it was losing business to overseas exchanges that allowed bunched orders.