Retail customers are defined as those do not otherwise qualify as an "eligible contract participant" under the requirements of Section 1a(12) of the Commodity Exchange Act, and are not floor traders or floor brokers on the Exchange or family members of an Exchange floor trader or floor broker who maintain an account at the same clearing firm.
Exchange President J. Robert Collins, Jr., said, "While the New York Mercantile Exchange has never experienced a clearing member default in its energy or metals markets, as our market and product base expands, we are pleased to be able to offer this additional layer of protection to our already stringent safeguards."
