Futures brokers are still dealing with Dodd-Frank, residual interest rules, data fees and zero interest rates, but with Fed tapering complete and new leadership at the CFTC, there are also positive signs as we enter 2015.
The advent of electronic trading brought an infatuation with for-profit exchanges, while Dodd-Frank brought hope of regulatory protection for the little guys. Neither delivered in 2013 — will 2014 be any different?
The NIBA newsletter focuses on the CME Group market data fee increases. Not surprisingly, none of our members are happy about it. Some even say that added to the industry problems of the past two years, this could be the last straw for their business.
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.
It’s possible that for many readers, Futures has spent too much time focusing on what happened with MF Global and PFG and how their deceitful use of customer segregated funds has stained the futures industry.
Still reeling from the debacle of MF Global, the futures industry now is dealing with potential fallout after learning that Russell Wasendorf Sr. may have falsified bank records to hide PFG's failure to maintain customer segregated funds.