Significant change in margin management expected from November 14
The US futures industry will "fundamentally change" how it
manages client margin with the introduction of the
reinterpreted Residual Interest Rule on November 14.
Under the controversial rule mandated by the CFTC, FCMs have
to capitalise any client positions with a margin shortfall by
6pm the following day.
The rule has been subject to significant challenges from the
industry and today the CFTC scrapped plans to automatically
move the deadline to 9am the next day in 2018.
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