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Intercontinental Exchange’s SVP, business development has exercised the rights to almost 7,000 common stock shares.
David Goone sold 6,812 of the 8,364 common stock share acquired on 11 October, according to a Securities and Exchange Commission filing.
Sales of the stock varied in price from $156.4 to $163.91 each.
"Some market participants are worried that these proposals will constrain liquidity and make it harder for firms to hedge themselves effectively with OTC derivatives."
Linklaters' Pauline Ashall and Mark Middleton air their views on the new EU regulatory landscape.