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Consultant Says 10 FCMs Control 75% of Segregated Funds
Fewer futures commission merchants are handling greater volumes of U.S. customer segregated funds compared to a decade ago, resulting in 75% of these funds being held by 10 major FCMs, reports John P. Needham, president of Needham Consulting, in his presentation for FTF’s DerivOps Chicago conference this week. The segregation of funds stipulates that broker-dealers...
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