CME aims to improve the way customer funds are protected

04/5/2012 | Wall Street Journal, The

CME Group says it plans to increase scrutiny of futures firms and bolster the protection of customer money in the wake of MF Global's collapse. In addition to requiring daily client fund reports, CME said it will conduct more "surprise" audits of the books of brokers. "Customer segregation is the cornerstone of the futures industry, and it is critical to ensure the protections afforded under segregation are as strong as they can be for our market participants," CME officials said in a client notice.

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