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 National, World

Israel intensifies Gaza assault, Egyptians revise truce plan

A Palestinian firefighter reacts as he tries to put out a fire at Gaza's main power plant, which witnesses said was hit in Israeli shelling, in the central Gaza Strip July 29, 2014.

Israel knocked out Gaza's only power plant, while Egyptian mediators prepared a revised proposal for halting its war with Islamist militants in the enclave.

in Agriculture

Appeals Court Upholds COOL Law

law books

The U.S. Court of Appeals for the District of Columbia has upheld USDA’s authority to issue rules implementing Country of…

in Local

South Dakota Attorney Addresses Legislative Committee

Marty Jackley news conf 92313

An arrest warrant was prepared for Richard Benda.

in National

U.S. marshals, police wounded, fugitive dead in NYC gunfight

A New York Police Officer stands guard inside a cordoned area at the site of a shooting in Greenwich Village, Manhattan, New York on July 28, 2014.

Two U.S. marshals and a New York police detective were wounded and a fugitive wanted on sex abuse charges was killed in a shootout in Greenwich Village.

in Local

Drones Banned From Mighty Mo

Missouri River Mulberry Bend 60111

Unmanned aircraft have been banned within the boundaries of the Missouri National Recreational River on the South Dakota – Nebraska border.