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Thailand Futures Exchange (Taifex) will launch a cash-settled gold contract. The launch will see the Asian exchange follow several regional competitors by launching the precious metal contract.
The exchange said that it hopes...
"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.