EDX launch Icelandic derivatives service

18 May 2007

EDX launched Icelandic derivatives on 14 May, with the introduction of index futures and single Icelandic equity futures and options. Following the launch of Russian derivatives in December, EDX said it was looking to expand its International Order Book service...

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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.