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The Commodity Futures Trading Commission has issued a no-action letter to the Tokyo Stock Exchange, permitting it to offer for sale three index futures in the US.
The US regulator approved on...
"Some market participants are worried that these proposals will constrain liquidity and make it harder for firms to hedge themselves effectively with OTC derivatives."
Linklaters' Pauline Ashall and Mark Middleton air their views on the new EU regulatory landscape.