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A senior research fellow at George Mason University and author of a recent report on the shrinking number of FCMs tells FTF News why it’s too early to count them out.
(Editor’s note: Are futures commission merchants (FCMs) headed for extinction? It’s a fair question as the number of them, 64 as of this past March, has dropped by more than 50 percent over the past 15 years — a key point made in a special report authored by Hester Peirce, director of the financial markets...
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