FCMs target ‘specialised’ business models
With buy-side clients taking on multiple brokers for execution and clearing, FCMs will have to become specialist service providers.
Tag: FCM
Former State Street global futures head joins Credit Agricole
Williams departed State Street in May after the custodian announced it would shut down its global FCM business.
JP Morgan hires ex-State Street futures clearing head
State Street announced the closure of its derivatives clearing business in March as it looks to refocus on core businesses.
Capital pressures see banks turning to tech vendors
IDX panel says clearing banks need new tech to cope with impact or capital rules.
EMIR paving way for non-bank clearing partnerships
Buy-side firms may struggle to access markets as banks withdraw from clearing services.
FCM client clearing numbers in steep decline
Latest CFTC data shows a major drop in the number of US futures commission merchants offering services to the buy-side.