Leading firms in the US futures industry have united to improve customer protection.
The Futures Industry Association announced it has established a special committee to address issues linked to the bankruptcy of MF Global.
The announcement follows emergency reforms passed by the Commodity Futures Trading Commission and anger from clients after segregated funds went missing.
The Futures Market Financial Integrity Task Force will develop and recommend specific measures that can be implemented through industry best practice and regulatory change.
The following firms have agreed to participate in the steering committee: Bank of America Merrill Lynch, Barclays Capital, Citigroup Global Markets, CME Group, Credit Suisse Securities, Deutsche...