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National Commodity & Derivatives Exchange (NCDEX) has launched Certified Emission Reduction (CER) futures.
“Launching of the CER futures contract marks an important milestone for the Exchange and the contract launched today will help...
"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.