Seeking Alpha

Top CME brass met today with customers and futures industry bigwigs to consider an insurance...

Top CME brass met today with customers and futures industry bigwigs to consider an insurance fund to help safeguard trader capital in the wake of MF Global and Peregrine. Such a move would be a reversal for CME, which thinks a fund would be too costly and encourage moral hazard risk in the same way federal guarantees allow banks to play fast and loose.
From other sites
Comments (2)
  • montanamark
    , contributor
    Comments (1452) | Send Message
     
    the best insurance for these firms is to stay close to obama
    just ask corzine
    16 Aug 2012, 03:21 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    In general a capital cushion against loss damage is prudent...on the other hand, such an insurance fund could be interpreted as extortion if criminal prosecutions of perpetrators are continually dropped...
    16 Aug 2012, 04:39 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs