business / news / / The Economic Times
Big Wall Street firms like Bank of America, Citadel Securities, and Goldman Sachs support a new plan from the Options Clearing.
Bank of America, Citadel Securities, and Goldman Sachs back a new Options Clearing plan.
KEY POINTS
- The plan changes how default protection funds are collected from market participants.
- Retail brokers warn the new plan could cost them hundreds of millions of dollars.
- The dispute reveals increased tension over risk management amid rising retail trading activity.
COMPANIES
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