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CME Group will double the multiplier for its futures on the S&P Financial SPCTR Index and S&P Technology SPCTR Index from July 27.
The contracts will be worth $250 times the index...
“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.