CFTC's "residual interest" proposal alarms market participants

03/18/2013 | Futures Industry

At a Commodity Futures Trading Commission staff roundtable held on Feb. 5, a broad spectrum of market participants expressed concerns about two provisions in the agency's customer protection proposal. One of the proposals in question would substantially alter the manner in which futures commission merchants calculate their "residual interest" requirement. End-user groups expressed concern that customers would bear the brunt of the requirement and would be forced to post more collateral with their futures commission merchants.

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