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

U.N.: Islamic State committing ‘staggering’ crimes

Fresh
isis

Insurgents in Iraq have carried out mass executions, abducted women as sex slaves, and used child soldiers, a new report says.

in National

U.S. delays plans to replace Healthcare.gov site

Fresh
obamacare

The U.S. government has shelved plans to move the HealthCare.gov insurance website to a new host.

in Agriculture

Ag Secretary Says Railroads Need To Catch Up

Fresh
Vilsack

Rail officials should have anticipated the large grain harvest farmers are dealing with and should have been ready with adequate…

in National

Poll: Most Americans say spanking is ‘OK’

Fresh
peterson

Nearly seven in 10 Americans believe spanking a child is an acceptable for of discipline at home.

in National, World

Ebola patient sent home from hospital days before diagnosis

texas

The man was sent home with from a Texas hospital with antibiotics without further observation, despite telling a nurse he had been to West Africa.