Futures commission merchant (fcm)
With March 11 receding from view, all eyes have turned to the second stage of the US clearing roll-out. No-one knows precisely how many derivatives users will be caught this time, but estimates go as high...
Some client trades have not been cleared within 60 seconds
Given a minute to accept or reject trades for clearing, FCMs warn they will err on the side of caution
Banks are increasingly using their IT infrastructure to increase their competitive advantage. Learn how this can work in practice.
More Futures commission merchant (fcm) articles
List reveals 77 managers have funds that will be required to start clearing on March 11 - and dealers say up to a third are not ready to start
FCMs and pension funds welcome long-awaited Department of Labour advisory opinion
The failures of brokers MF Global and PFGBest have shaken the faith of commodity hedgers in their futures commission merchants (FCMs). But are regulators doing enough to protect customers from another FCM implosion? Alexander Osipovich reports
Banks and pension plans are waiting for the US Department of Labor to clarify whether initial margin counts as plan assets
Dealers have been given the go-ahead to bundle together execution and clearing businesses – offering cut-price clearing as a way to attract clients to their trading desks. That could shut would-be rivals out of the market. By Matt Cameron and Joe Rennison...
Some European buy-side firms will have to clear indirectly – through a local clearing member linked to a US counterpart – in order to access clearing houses in the US. But US clearing members cannot comply with European rules on asset protection –...
One bank claims to have stopped work on its CDS client clearing service in the US over SEC capital rules - and others share those concerns
This handy guide reviews the various steps banks are taking to improve their risk management techniques, looking at the benefits and pitfalls of each one.
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