He was the longest serving exchange chairman in the history of the futures industry.

They point to a lawsuit by the futures industry last year that stopped three stock exchanges from trading a new type of financial instrument.

Still, he said, if the public perception was that they helped, it would be useful ammunition for the futures industry.

Her comments have been widely echoed by the futures industry.

"It doesn't help the futures industry at all to have something like this hit the newspapers."

Conversely, the futures industry has no quarrel with legitimate securities products.

The futures industry generally plays down the amount, and some critics suggest it may be substantial.

That is central to the complaints of the futures industry.

"We in the futures industry in Chicago wouldn't be paranoid if people weren't always picking on us," he said.

A. There's a vigorous campaign under way by the futures industry to block it.