AX), she served in senior sales roles at ABN AMRO, Citigroup Global Markets (NYSE: C) as well as several other futures commission merchants
This now brings the total number of futures commission merchants
(FCMs) on the Harmony Network for Exchange Traded Derivatives (ETDs) to 13.
According to the report, the competitive landscape for futures commission merchants
is changing to a new model in which investment and interest rate income are no longer the keys to profitability, this at a time when FCMs are facing rising operating costs in a significantly weaker revenue environment.
With this deal, the buyer adds 30 futures commission merchants
(FCMs) in the US, filling a strategic gap in the client offering, the CEO added.
CFTC Commissioner Jill Sommers, a Republican appointee, recently wrote to Roberts to say that Gensler "has directed commission staff to develop recommendations for enhancing commission and designated self-regulatory organization [DSRO] programs related to the protection of customer funds, which could include changes to commission rules governing futures commission merchants
, enhanced commission oversight of DSROs, and possible statutory changes, among other things.
Banks, savings associations, credit unions, trust companies, mutual funds, securities broker/ dealers and futures commission merchants
are having to institute customer identification programs as a result of new Patriot Act rules that went into effect Oct.
The regulations apply to banks and trust companies, savings associations, credit unions, securities brokers and dealers, mutual funds, futures commission merchants
, and futures introducing brokers.
The rules require institutions such as banks, savings associations, broker and dealers, and futures commission merchants
to establish procedures to verify the identities of new account holders.
futures commission merchants
(FCMs) and others to offer and sell futures contracts based on the MSCI Japan index and FTSE Japan index to investors in the United States, the OSE said Friday.
As futures industry self-regulatory organisations, the initiative will allow CME and NFA to build a system to collect balances for all bank depositories holding customer segregated, secured amount and sequestered funds on behalf of futures commission merchants
on a daily basis, AlpjhaMetrix said.
The proposed rules outline requirements for the following financial institutions: banks and trust companies, savings associations, credit unions, securities brokers and dealers, mutual funds, futures commission merchants
, and futures-introducing brokers.