On July 23rd, Reuters reported CFTC Commissioner Bart Chilton has called upon Congress to pass legislation creating an insurance fund for futures commission merchant customers along the lines of the Securities Investor Protection Corporation ("SIPC"). Reuters further noted the hurdles which must be overcome before such an entity could be launched. Futures SIPC. Separately, Reuters reported the CME Group has suggested holding customer money at clearinghouses, not at futures commission merchants ("FCM"). While that suggestion has received general support, one FCM customer voiced objections to allowing foreign exchanges to hold customer money. Customer Money. On July 26th, Reuters reported that the head of the Futures Industry Association, Michael Dawley, supports studying the feasibility of a SIPC for FCMs. Support.