Local

CME Group Officials Are Against Residual Interest Proposal

CME Group Officials Are Against Residual Interest Proposal

CME Group officials say they’re opposed to the CFTC’s residual interest proposal.  This is one of the new customer protection measures the agency is looking at to protect customer segregated accounts from another MF Global incident.  However, the proposal calls for accounts to literally be pre-funded to cover margins before trading.  Tim Andriesen with the CME Group says this is unacceptable.

He says it’s not just farmers that are opposed to the residual interest proposal.

The new rules are set to go into effect a year from now.

Recent Headlines

in Agriculture

Ag Secretary Defends Immigration Executive Order

Vilsack

President Obama is expected to issue executive orders tonight on immigration reform. Ag Secretary Tom Vilsack says the President is…

in Black Friday, Lifestyle, National

Does your state have a ‘miserable’ Thanksgiving?

fight

If you live in Ohio, Iowa, or Maine, your Thanksgiving might be more 'fight' than 'festive.'

in Local

Marijuana Proponents To Hold Summit

marijuana

Medical marijuana supporters are hosting a legislative summit this weekend in Sioux Falls.

in Local

Highway Funding On Congressional Agenda

John Thune

For the past several years, Congress has passed a series of short term highway funding bills, without addressing the underlying funding problems.

in Local

Feenstra Prepares For Legislative Session

Iowa state capital

When Iowa lawmakers return to Des Moines in January for the 2015 legislative session, they will all have some ideas for helping their home areas.