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Jaypee International has been approved as a Category Five member of the London Metal Exchange, the Indian brokerage and trading firm announced on February 4.
Varun Choudhary, senior vice-president at Jaypee...
"For exchange-traded derivative markets, the monopoly of middle and back office providers is likely to be challenged. Historically, the three incumbent providers have been largely unchallenged due to widely held fears of ‘migration risk’."
Clive Furness, MD, Contango Markets