CFTC Roundtable On Non-Intermediation Focuses On FCM Benefits And Default Waterfalls - Wide-Ranging Discussion Touches On Customer Protection, Product Suitability, Self-Certification, Margin And Liquidation Issues, By Jeff Reeves
<p><span>The US Commodity Futures Trading Commission </span><a href="https://www.cftc.gov/PressRoom/PressReleases/8519-22">hosted</a><span> a wide-ranging and at times contentious discussion on issues related to intermediation in derivatives trading and clearing on 25 May. The roundtable event was more than six hours long, and included representatives from CFTC-registered derivatives clearing organizations (DCOs) and futures commission merchants (FCMs) as well as trading firms, asset managers, agricultural industry representatives...