On April 24, Rebecca Simmons and John Miller spoke at the International Swaps and Derivatives Association’s (ISDA) Global Opinions Counsel Meeting. As the first of two panels presented to the committee of counsel at ISDA’s 2018 annual general meeting, Rebecca and John presented the memorandum that S&C will deliver to ISDA and the Futures Industry Association regarding the relationship between Futures Commission Merchants (FCMs) and their customers.