FCMs look to top up initial margin on bitcoin futures

In advance of bitcoin futures launch, brokers seek extra IM buffer from clients

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US futures brokers are considering requiring additional initial margin for bitcoin futures trades, above the level required by exchanges which are preparing to launch new contracts based on the cryptocurrency.

As CFE and CME Group, two Chicago-based exchanges, ready their bitcoin futures launches, for December 10 and December 18 respectively, brokers are scrambling to evaluate the level of risk offered by this new derivative amid a period of volatility in the unregulated currency. CFE intends

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