CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: CME's Reluctant Application To Become A Futures Broker-Dealer Wed Oct 05, 2022 8:33 pm | |
| Summary
CME wants to become a Futures Commission Merchant (FCM) -- A futures market clearing broker, in competition with its clearinghouse members. The media consensus is that this is an empty move. The prevalent belief is CME does not want to replace the big broker-dealer middlemen, cutting them out of their commissions and fees. But this CME move could revolutionize retail investors’ deal with Wall Street. Here is how that would work.
.https://seekingalpha.com/article/4544364-cmes-reluctant-application-to-become-a-futures-broker-dealer _________________ Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband “The state calls its own violence law, but that of the individual, crime.”-- Max Stirner "Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann |
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