Maximum 10% of a FCM's custodial money should be deposited with any one single bank

[OddTrader]

The whole world wants to have a healthy Futures industry.

Perhaps a simple solution is:
- MAXimum 10% of a FCM's custodial money should be deposited with any one single bank
- MAXimum 30% with local banks
- MINimum 30% with the top five national banks
- MINimum 30% with the top ten international banks' overseas branches

Your suggestions/comments?

http://www.elitetrader.com/vb/showthread.php?s=&postid=3572658#post3572658

Quote from Grandluxe:

We have nobody who is trustworthy now because essentially the regulators are all asleep or watching porn and the firms are policing themselves. It's a free for all, do what you want, just don't get caught.

Just like a 3rd world country.

So right now to be successful at trading, firstly you need a viable strategy, secondly you need to pray hard everyday that your money will still be there the next morning..