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Cantor's Lutnick Is Ready to Take on the CME

Howard Lutnick is lining up some of Wall Street's biggest power players for a fresh challenge to the behemoth of futures trading and interest-rate derivatives, CME Group. The Cantor Fitzgerald CEO got the backing of huge banks to launch FMX, his new futures exchange. He speaks to Bloomberg's Sonali Basak about that, monetary policy and the upcoming presidential election.