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The Futures Industry Association, which represents both small futures brokerage firms and big banks that run futures businesses, announced Tuesday that it had created a committee to explore new safeguards for customer money.
The company is into international and institutional businesses, securities trading and advisory services, asset management, futures businesses, private equity businesses, fund businesses, and foreign investor guide.
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It was the entire futures business.
Until recently, the agency oversaw the $40 trillion futures business.
Before that, the agency oversaw the $40 trillion futures business.
Mr. Wasendorf was a prominent figure in the futures business.
If its deal is approved ICE will gain access to Euronext's lucrative futures business.
At least six other groups have shown interest in the futures business.
It also will not cover hedge funds or other individual traders, who make up a large percentage of futures business.
R.J. O'Brien, which holds about $3.7 billion in client money, would be a natural buyer of the Knight's futures business.
IntercontinentalExchange handles its OTC business directly and its futures business through a wholly owned subsidiary, International Petroleum Exchange.
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