Somehow Messrs.’ Gary Gensler and Bart Chilton have been given hero status by those general and left leaning media outlets. That only proves that those outlets have never attempted to cultivate sources within the Futures and derivatives space.
It’s ironic that I’m writing this on the day the insurance study commissioned by the industry after the MF Global and PFG blow ups was released. Ironic because if implemented in some form, it would mean more costs and more rules for futures commission merchants (FCMs) and probably their customers.
After years of dealing with low interest rates, new regulations and rebuilding client confidence, futures commission merchants are ready to break out and start doing what they do best: Executing trades and hopefully making money.