National Futures Association announces timeline for client fund reporting
Bank and trust companies holding client-segregated cash and securities on behalf of futures brokers will begin end-of-day reporting on February 15, marking the first phase of compliance under new National Futures Association (NFA) rules.
The depositories have to send reports to hedge fund administrator AlphaMetrix360, which is also used by the CME Group's clearing members for the same purpose.
The move follows the NFA board's approval of amendments to the NFA Financial Requirements Section 4. It
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