Futures industry needs new business model

Senior policy adviser at Chicago Fed addresses market structure issues at FX Invest North America


The futures industry is operating an outdated business model, which fails to consider the rising cost of balance sheet usage, John McPartland, a senior policy adviser on financial markets at the Federal Reserve Bank of Chicago, told delegates at the ninth annual FX Invest North America conference in Chicago on April 14.

"I am truly disheartened the futures industry insists upon trying to operate well into the twenty-first century with an outdated twentieth century revenue model. The industry

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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