CFTC's FCM proposal would alter industry, observers say

02/13/2013 |

The Commodity Futures Trading Commission has proposed a regulation intended to shield customer deposits at futures commission merchants, but many market participants say the rule would overhaul the futures-brokerage system because of the significantly higher margin buffers FCMs would have to provide. FIA Chairman Mike Dawley said the rule would be "one of the most monumental events" in 30 years.

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