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CFTC proposes steep rise in capital for FCMs and brokers


The US Commodities Futures Trading Commission has asked market participants for their views on proposed legislative changes that would raise the minimum adjusted net capital requirements for futures commission merchants and introducing brokers.

One amendment would raise the minimum net capital for an FCM from $250,000 to $1m. The minimum for introducing...

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“The banks are investors too. I can’t favour investors with inside information – that’s basically what this is.”

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