Number of US futures brokers has halved since the financial crisis of 2008
The number of UK OTC brokers is set to
stabilise after a prolonged period of consolidation, according
to a clearing expert at French futures giant Societe
"I think there will be a stabilisation of
the number of clearing brokers in the UK. We do not expect more
Futures Commission Merchants (FCMs) to drop-out of the market,"
Jamie Gavin, head of over-the-counter clearing for Europe,
Middle East and Africa, and Asia Pacific at Societe Generale
Prime Services, told FOW.
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