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Third-Party Custodians: Here, Hold On To This Regulation,Video

Third-Party Custodians: Here, Hold On To This

Futures customers are still wondering just how their money can stay protected in the case of a default by their broker. While some solutions are still in the concept stage, others are available right now. Horizon Cash Management’s Michael Markowitz explains the third-party custodian model, whereby customers set up and manage excess margin at a bank outside the brokerage firm. Third-party custodial arrangements are available now and could be one way to restore customer confidence. In this video, a simple animation and interview with Markowitz help explain the third-party custodian model. Third-Party Custodian Resources Third-Party Custodian on MarketsWiki (link) Michael Markowitz…