Ten years ago‘Short-short’ rule repeal welcomedThe US futures and options industry was celebrating last week as President Clinton signed into law this year’s budget deal with Congress, which includes what some say will be a very important change to federal tax legislation. Most significantly, the new Act repeals the so-called ‘short-short’ rule, which has hitherto inhibited much use of futures and options by mutual funds.UBS denies loss rumoursBelatedly responding...