US futures watchdog calls for feedback on cross-border margin offsets
The US Commodity Futures Trading Commission (CFTC) may allow
non-clearing members of ICE Clear Europe to use customer funds
as margin on cross-border trades.
The derivatives watchdog has opened a public debate on
whether future commission merchants (FCMs) can be allowed to
use customer assets (i.e. cash, securities, property) as margin
on positions on ICE Futures Europe or ICE Endex against
customer assets used to guarantee trades on ICE Futures US.
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