Examining High Concentration Among Derivatives Intermediaries
Reynolds Holding
MAY 15, 2024
Finance and business school scholars have noted the decline and the level of consolidation; [4] the top eight FCMs hold over 70 percent of the posted futures margin, suggesting they service the vast majority of customer activity at least in futures. 573 (2016). Commodity Mkts. 1 (June 2020). [5]
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