CFTC to adapt rules governing futures traders
NEWS
It comes as the CFTC moves to stamp out rogue futures traders and promote self-regulation in the industry.
The CFTC said that registered futures commission merchants (FCM) will have to become a member of a registered futures association (RFA).
The new rule takes effect on February 21, giving futures traders 24 days to register with the relevant trade body. Currently, there is only one RFA available for FCMs to join, the National Futures Association (NFA).
"The action will further the goals of self
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