Why a central repository for client funds might be the answer to prevent problem of missing funds.
The unsettling news about MF Global's "missing" futures
customers' funds has had one universal reaction: futures
trading is risky enough; but if my account balances can
disappear, I am out of here.
First, the irony. This about as rare as a winning lottery
ticket. Never seen anything quite like it over my 50 years
inside. The record, until now, has been pristine. The intensity
of the reaction validates the phrase "No good deed goes
Still, the new challenge facing the futures community is to
restore customer confidence without imposing huge cost on the
law abiding futures community.
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