Futures markets could get OTC-style safeguards


Futures markets could get new, tougher rules on the protection of client collateral as a result of MF Global's collapse – possibly modelled on the approach agreed for over-the-counter derivatives markets by the Commodity Futures Trading Commission (CFTC) in January. But it is a touchy subject – greater protection comes with greater cost, potentially hurting some of the smaller participants active in futures markets. The existing segregation model in futures markets allows client a