Clearing costs creep up for clients

FCMs said to be struggling to turn a profit


Futures commission merchants (FCMs) are raising the cost of clearing and accompanying services such as collateral transformation as the business struggles to make money, some clients claimed at Risk's OTC Derivatives Clearing Summit in New York yesterday.

The issue was raised by a member of the audience, who asked a panel of insurers whether they had seen FCMs hiking their clearing fees since signing agreements with them. The delegate revealed that his own firm is being pressed to pay more.


To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: