15.01.2014 - Commodity exchanges miffed by Mifid
The name of the legislation is a mouthful and its acronym captures the feeling of many European commodity players towards it. The EUís Markets in Financial Instruments Directive II, or Mifid (say it fast), could finally be agreed in Strasbourg today, after nearly four years of negotiations. Among other things, the rules will impose fixed position limits in European commodity markets, from agriculture to metals and energy. The aim is to prevent uncontrolled speculation by traders and hedge funds who through outsized derivative transactions may seek to corner the market for their own gain...............................................Full Article: Source
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