CFTC margin rule is met with industry criticism

02/15/2013 | Bloomberg · Thomson Reuters

Brokers and other market participants in the U.S. futures market strongly oppose a proposal from the Commodity Futures Trading Commission that they say would require tens of billions of dollars in additional margin. Critics say the proposal could fundamentally change how the industry works. "You want customer protections. But you also want to make sure you're not obliterating a whole market sector potentially, which would be the very futures commission merchants that handle commercial hedge business," said Diana Klemme of Grain Services.

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Bloomberg · Thomson Reuters

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