AlphaMetrix Group says its AlphaMetrix360 unit has been selected to help develop a system for separating and sequestering customer funds for futures commission merchants. The system is being built for CME Group and the National Futures Association. "Obviously, no system or set of rules can completely eliminate fraud," NFA's Karen Wuertz says. "However, this system will greatly enhance the ability to monitor the safety of customer segregated funds on a daily basis and detect potential misuses of customer funds." Securities Technology Monitor (11/21)
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