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  • Futures Industry Self-regulatory Organizations Form Joint Committee to Address Customer Segregation Issues
  • January 20, 2012
  • Chicago - CME Group and National Futures Association (NFA) today announced, in conjunction with theInterContinental Exchange (ICE), the Kansas City Board of Trade (KCBOT) and the Minneapolis Grain Exchange (MGEX),

    the formation of a joint committee to review how self-regulatory organizations can strengthen current safeguards for customer segregated funds held at the firm level in light of the MF Global bankruptcy.

    This coordinated effort by all of the futures industry self-regulatory organizations (SROs) will examine what changes can be made to rules or to the ways firms demonstrate compliance with those rules to prevent customer losses due to the insolvency of a futures commission merchant (FCM).

    "...
  • View more at: http://www.1888pressrelease.com/futures-industry-self-regulatory-organizations-form-joint-co-pr-367417.html