Top 50 Brokers of 2011: This one is on us - Commodities - Futures Magazine
t has been a strange year for the futures industry. Despite increased volume and open interest, there has been unease because of the uncertain nature of the regulatory structure. The specter of Dodd-Frank and what it could mean for the industry has been an annoyance, but a common refrain from within the regulated futures industry is that its market structure worked flawlessly during the financial crisis. However, as we roll out our 2011 Top Brokers feature, a scandal is hitting the futures industry that extends far beyond the failure of a large member firm, striking at the core protections the industry has been patting itself on the back over since the financial crisis hit. An apparent shortfall in segregated funds at MF Global calls into question those protections.