CME Group’s newest digital platform is a fraud, according to a new study, which also points to Chase’s unwillingness to disclose the real cost of its transactions.
The study, conducted by the Center for Economic and Policy Research (CEPR), examined CME’s CME Global Payments platform.
While the company did not provide any data on its cost, it did say that it was based on real transactions.
CME said that it did not know the real costs of CME transactions and said that the study was based solely on data provided by the company.
The CME study, released on Monday, comes as Chase continues to deal with mounting scrutiny over its payments network and its practices.
The company said it would not be commenting further.