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Leo Melamed seems to be on something of a comeback tour at the moment. Not that he went away as such, it's just that at the moment he appears to be everywhere. Remember two years ago, when it became clear that Scott Gordon and Jim McNulty were going to be ushered from the CME board room, and everyone denied that Leo was the man with the plan? Well whatever happened then, he seems now to have become the most...

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“The banks are investors too. I can’t favour investors with inside information – that’s basically what this is.”

TAM's treasurer voices frustration with Brazil’s new derivatives registration initiative.