The CFTC withdrew its original proposal and newly proposed to allow an FCM, subject to certain conditions, to treat separate accounts of a single beneficial owner as if they were owned by different persons, for purposes of margin withdrawals from the separate accounts.
News & Insights
The U.S. House Committee on Agriculture (i) considered a proposal by FTX - a registered derivatives clearing organization - to expand its services and (ii) examined trends in new clearinghouse models.
The CFTC extended the comment period on the application of FTX US Derivatives' proposal to expand its services.
The CFTC issued an amended order permitting the Chicago Mercantile Exchange to commingle certain customer funds related to contracts that are listed on the Dubai Mercantile Exchange.
Industry representatives met on February 19th to discuss with Gary Gensler, Jacqueline Mesa, and Steven Adamske issues regarding (i) segregation and bankruptcy, and (ii) cross-border. The following organizations were represented. Nomura, RBC, Deutsche Bank, Natisis Commodity Markets, Citigroup, BP, Newedge, Goldman Sachs, ICAP, ICE Futures Europe, CME Europe, Nasdaq OMX, LME, LCH Clearnet, UBS, Jefferies, BNP Paribas, Mizuho Securities USA, FOA, and the U.S. Embassy Click here to view CFTC Staff and all visitors and organizations present (links externally to CFTC website).