European Union acts on high-frequency trading
Bloomberg News is reporting that the European Union will seek to rein in trading in commodities derivatives as a way to reduce market volatility. The emerging plan also would require national regulators to use a cap or another means to limit the number of commodity derivative contracts that traders can enter into.
Michel Barnier, the European commissioner responsible for the proposals, tsays the plans “will help lead to better, safer and more open financial markets.” Bloomberg News offers additional details on the emerging plans.
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