Comment Text:
Newedge USA is pleased to submit the attached comment letter in connection with the CFTCs proposed rule regarding FCM Conflicts of interest (RIN 3038-AC96).
Newedge USA applauds the CFTC's efforts in exploring ways to minimize such conflicts. However, as we describe herein, Newedge USA believes that certain of the provisions of the proposed rule need to be modified in several respects.