In-depth introduction: Clearing incentives

Price hikes at Goldman Sachs show how much pressure FCMs are under

risk-0415-crocs-indepth-marklong-app

One of the 22 economists who recently spent a year and a half weighing up the commercial pros and cons of clearing told Risk last month it was difficult to get good information on the fees charged by futures commission merchants (FCMs) – clearing house members that extend access to the rest of the market.

"It was not clear to us what FCMs would charge their clients to clear trades," he says. The Derivatives Assessment Team (DAT) report, published in October, concluded that clearing incentives

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 individual account here: