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ICE says Enron Loophole closed

10 Jul 2008

Intercontinental Exchange has issued a statement confirming its stance that it has no bearing on the price of crude oil in the OTC markets. It...

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"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.