CME and Saxo Bank in new marketing partnership

07 Mar 2005

Chicago Mercantile Exchange (CME) and Saxo Bank have announced that they will cooperate to market futures in the Scandinavian region.

The exchange and the Denmark-based bank plan to promote CME e-mini and fx futures, as well as other financial products, in the Nordic region by aligning their resources to...

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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.