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Futures exchange CME considers brokerage, taking cue from crypto rival FTX

Por: MarketWatch Business October 02, 2022

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The move could save money for investors, who pay fees to trade futures. But it is likely to prompt complaints from other FCMs that could lose revenue if CME undercuts them on fees. Clearing futures trades is big business for Wall Street banks—where FCM units are a key part of their prime-brokerage arms—as well as for specialized firms such as Advantage Futures and R.J. O’Brien & Associates LLC.  FCMs play a key role in the futures... + full article



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