Banks want centralisation of their collateral pools and a singular approach to optimisation.
Sep. 1 deadline will mark the broadest test of firms' preparation on Initial Margin (IM) calculation workflows.
Margin has increased by 30% in just two months, OpenGamma research shows.
Proposal involves a real-time margining system combined with auto-liquidation.
CFTC staff are holding a public hearing on 25 May on FTX's proposal to change margining.
FTX’s proposal would replace futures commission merchants with an automated and centralized process.
The crypto firm wants to clear margined products for retail participants.
CFTC is seeking public comment on the crypto exchange's request.
The custodian is developing initial margin services around the world.