Flipper issue highlights Eurex clearing link problems
05 Jul 2004
Issues highlighted by the recent dispute over the so-called 'flipper' (see FO Week Vol 9 No 8) have given Commodity Futures Trading Commission (CFTC) cause for concern regarding Eurex US's much needed clearing link. CFTC commissioner Sharon Brown-Hruska said that the amount of information supplied by Eurex in relation to large volume trader activities was an issue in authorising the link.
While large volume reporting had always been on CFTC's...
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