Ructions in emerging Thai futures exchange

08 Sep 2003

Seree Denworalak, the president of the yet to be launched Agricultural Futures Exchange of Thailand (AFET) has suddenly resigned, apparently to pursue personal business interests. Seree joined the exchange in...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.