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Eurex traded 137.2m contracts in February for an average daily volume of 10.7m contracts, a shade up on the 10.5m daily average in January, though 10% below last February’s figure of 11.9m....
“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.