Huo Xing Cai Jing reports, according to The Block, that predictive market broker River Markets stated its affiliated company, River Finance LLC, has registered with the U.S. Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and has joined the National Futures Association (NFA), enabling it to hold client accounts and handle client funds.
River Markets is building a prime brokerage platform for institutional traders, enabling clients to manage funds, positions, and risk across multiple exchanges and clearinghouses through a single account, while supporting financing arrangements and approved over-the-counter trades.
The company, founded in May this year, says it has facilitated over 250 million contracts for clients such as hedge funds and proprietary trading firms, following a $8.5 million seed funding round.
River Markets Affiliate Completes CFTC Registration
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Summary
River Finance LLC, an affiliate of River Markets, has registered with the CFTC as a Futures Commission Merchant and joined the NFA. The firm is developing a prime brokerage platform focused on the futures market, targeting institutional traders. It has already executed over $250 million in perpetual futures contracts for clients such as hedge funds and proprietary trading firms, following an $8.5 million seed round.
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