Registered: Apr 2002
08-02-12 03:06 PM
Quote from hoop121:
i wonder if this will make it easier for people to access these markets. for instance, will the average Joe now be allowed to trade PJM West Hub Real Time through his TOS account?
Not for the vast majority of "retail oriented" accounts if they keep the contract sizing the same - the initial and performance bond margin requirements will be considerable.
This is regulatory arbitrage, pure and simple. There used to be a regulatory and reporting advantage to trading swaps in lieu of futures - but the pending regulations do away with that.
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