Exchange Staff Market Reporter Working for the Exchange on one of its two trading floors, market reporters monitor contract price changes, input appropriate information and ensure a fast, accurate transmission of information from the floor of the Exchange to market watchers all over the world. Staff Auditor Auditors at the Chicago Mercantile Exchange maintain close surveillance of clearing member firms in order to determine their solvency and compliance with various capital and other financial requirements. They also review the systems and financial condition of member firms. Economists in the CME's Research Department, in conjunction with the Exchange's products committees, develop these contracts based on an analysis of the underlying physical cash or spot market. For example, a Treasury bill futures contract is based on the size and delivery requirements of T-bills that are bought and sold daily through the Federal Reserve banking system.
Economists also modify and improve contracts when necessary.
Compliance Investigator Compliance investigators have the responsibility for monitoring trade practices in Exchange markets, and work with the Exchange's arbitration committees to process and resolve claims between members and customers. They also prepare the reports that result in charges being brought against members for rule violations. The Clearing House within the Exchange has many responsibilities, such as making sure that trade information from buyers and sellers matches at the end of the day. Managers also must see that contract terms are observed, that systems and procedures are in place to facilitate delivery on expired futures contracts, exercise and assignment of options, and that the performance bond system functions smoothly. They also work with trading floor quotation systems, compliance and regulatory tracking, as well as membership support.