Futures industry needs new business model

The futures industry is operating an outdated business model, which fails to consider the rising cost of balance sheet usage, John McPartland, a senior policy adviser on financial markets at the Federal Reserve Bank of Chicago, told delegates at the ninth annual FX Invest North America conference in Chicago on April 14.

"I am truly disheartened the futures industry insists upon trying to operate well into the twenty-first century with an outdated twentieth century revenue model. The industry