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Interdealer broker Icap and Calyon, the investment banking arm of Crédit Agricole, have begun trading on the London Metal Exchange as category two members.
Calyon started trading on...
“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”
European consultants predict frantic lobbying during the Mifid review.