From the February 01, 2010 issue of Futures Magazine • Subscribe!

CFTC adopts capital requirements for FCMs

The CFTC adopted amendments to increase the minimum adjusted net capital requirement for introducing brokers from $30,000 to $45,000, and for futures commission merchants from $250,000 to $1,000,000, on Dec. 31. The amendments also increase an FCM’s margin-based capital requirements for noncustomer positions that the firm carries from 4% of the maintenance margin requirements to 8% of the maintenance margin requirements.

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