Institute for Financial Markets News

Eight private insurers have expressed interest in participating in a fund to provide insurance for losses suffered by customers of futures brokers that go bankrupt as in the cases of MF Global and Peregrine Financial Group, according to a study. …

The chairman of a futures industry trade group said on Thursday that serious consideration should be given to the creation of an insurance fund to protect futures customers, after two major scandals shook confidence in the market. Michael Dawley, chairman …