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Comment for Proposed Rule 76 FR 16587

  • From: Gary DeWaal
    Organization(s):
    Newedge USA, LLC

    Comment No: 34051
    Date: 3/29/2011

    Comment Text:

    Newedge generally supports the CFTC's proposed rules related to risk management practices for DCOs, to the extent that such rules promote fair and open access. In general, Newedge believes that clearing works best when clearing house is supported by a large and diverse pool of clearing members. Efforts to exclude clearing members through arbitrary qualification requirements are contrary to a strong clearing system.