China to get fuel oil futures

05 Apr 2004

Shanghai Futures Exchange has received regulatory approval to launch fuel oil futures. However, the formal launch is at least two to three months away, according to the China Daily citing...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.