Vince Cable, the Liberal Democrat shadow chancellor of the exchequer in the UK, has said the exchange-traded futures industry is a model of transparency for the effective running of financial markets.
In an interview with FOi ahead of the May 6 general election, Cable said he foresaw no need of radical reform in the listed derivatives markets.
“In general, the commodities and other futures markets have led the way in showing how financial markets should operate,” he said.
“Specifically, the transparency of exchange-traded...