Lsoc should not be introduced for futures, CFTC hears

Lsoc is 'not fit for futures'

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New US customer collateral segregation rules set to take effect in over-the-counter derivatives markets on November 8 should not be extended into the futures world, industry participants claimed at a Commodity Futures Trading Commission (CFTC) round-table discussion in Washington, DC on February 29 – with some arguing the new approach should not be adopted in OTC markets either.

During the discussion, the CFTC asked futures commission merchants (FCMs), buy-side firms and clearing houses whether

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