JPMorgan upgrades Taiwan status

27 Feb 2006

JPMorgan has announced that it became a clearing member of Taiwan Futures Exchange (Taifex) on 22 February, a move it said made it the first foreign broker to receive that status from the exchange.

The bank was also the first overseas outfit to become a trading member...

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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.