Follow up on Risk Management Procedures; 1.73 – Relates to Give Ups and Bunched Orders

CFTC Regulation 1.73 affects IBs and FCMs that execute orders for customers. Thus IBs who execute give-up orders and bunched orders must adopt risk management procedures. This new regulation has been in existence since June 2013.  1.73 came about from Dodd-Frank and requires clearing FCMs and executing firms to establish risk based limits for customer…...

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