Clearing members rattled as CME approved to launch its own FCM
National Futures Association registration sharpens concerns about conflict of interest with CCP
The National Futures Association has approved CME Group’s long-desired request to have its own futures commission merchant (FCM), the firm has announced.
The new entity does not appear in the most recent list of approved FCMs on the Commodity Futures Trading Commission website, which dates from August 31. However, Risk.net understands the nascent FCM, known as F&O Financial, was approved by the NFA on October 25. The NFA website now has a profile page for F&O Financial, although it is still
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