16.01.2014 - EU lawmakers agree deal on commodity trading
EU lawmakers reached a breakthrough on new rules to crack down on commodity speculation on Tuesday night (14 January) in Strasbourg. Under the so-called Market in Financial Instruments directive (MiFiD) that will regulate financial markets across the bloc, taking financial positions in commodity derivatives will be limited, in a bid to prevent market distortions and abuse. The new bill is also the first EU law to establish rules for mathematical algorithms used in high frequency trading...............................................Full Article: Source
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