Comment Text:
Newedge believes that under Dodd Frank both the CFTC and the SEC are under a requirement to finalize rules by 17 July 2010 to effectuate full portfolio margining. There seems to have been no rule proposal, to date, to accommodate this mandate. Newedge encourages both the CFTC and SEC to enact rules to permit full prime brokerage because inducing end-users and other industry participants to utilize central clearing, is much better than solely to mandate such utilization.
