Lsoc should not be introduced for futures, CFTC hears
Premature to expand use of untested collateral segregation methodology, says industry
New US customer collateral segregation rules set to take effect in over-the-counter derivatives markets on November 8 should not be extended into the futures world, industry participants claimed at a Commodity Futures Trading Commission (CFTC) round-table discussion in Washington, DC on February 29 – with some arguing the new approach should not be adopted in OTC markets either.
During the discussion, the CFTC asked futures commission merchants (FCMs), buy-side firms and clearing houses whether
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