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Press

Nov 27

The Hero of MF Global’s High-Noon James Koutoulas Wins Big for Little Guys

Forbes

But Koutoulas is incensed by a CFTC proposal to beef up customer protection by requiring those who trade on margin to post 20% of their positions, up from 10% now. The rule’s intent is to protect customers from the risk that other customers won’t make good on their margin calls. Perhaps, Koutoulas says, the 20% rule should be enforced on high-frequency traders, who “in a couple of minutes, with a rogue algorithm, can blow up an FCM,” but not on farmers and other retail customers, who are being asked to “double down” on the money they have at risk at FCMs.