FCMs Big And Small Suffer Major Losses On Latest Black Monday

[CALLumbus]

http://www.johnlothiannews.com/2018/02/fcms-big-small-suffer-major-losses-latest-black-monday/

 

[helpme_please]

Be patient with my ignorance. Are FCM futures brokers? So, if customers default, FCM got to pay up? Is Interactive Brokers considered a FCM? IBKR was not mentioned in the report. I guess IBKR was saved by their auto-liquidation algo.

 

[Cdntrader]

http://www.johnlothiannews.com/2018/02/fcms-big-small-suffer-major-losses-latest-black-monday/

thx for posting.

 

[CALLumbus]

Be patient with my ignorance. Are FCM futures brokers? So, if customers default, FCM got to pay up? Is Interactive Brokers considered a FCM? IBKR was not mentioned in the report. I guess IBKR was saved by their auto-liquidation algo.

https://www.investopedia.com/terms/f/fcm.asp

https://en.wikipedia.org/wiki/Commodity_broker

http://www.cftc.gov/MarketReports/financialfcmdata/index.htm