Japan, Singapore get DME access

09 Mar 2007

Regulators in Japan and Singapore have issued no-action letters allowing qualified entities in those countries to access Dubai Mercantile Exchange (DME) as soon as the new platform launches...

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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.