Most clearers still concerned about exchanges running FCMs - Acuiti

30th October, 2025

Radi Khasawneh
Chicago

Most US Futures Commission Merchants (FCMs) remain concerned about exchanges moving into the FCM space due to conflicts of interest, a new study has found.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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