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by Laurence Davison
Singapore Exchange (SGX)’s plans to list a futures contract based on the MSCI Asia Apex 50 index by the middle of the year have reaffirmed its bid to become an “Asian gateway” platform. The index is designed to track...
"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”
The FOA's Anthony Belchambers responds to the EC's Mifid review.