No demand for EU MTFs to seek US approval, says GFI
Platform says FCA encouraged UK interdealer brokers to seek QMTF designation
There is “zero demand” for European trading platforms to apply for US regulatory approval under the terms of a transatlantic accord unveiled in February, according to executives at interdealer broker GFI Group. The comments are the latest to paint the accord as a flop.
The so-called qualifying multilateral trading facility (QMTF) regime is an attempt to paper over the cracks that have emerged since US over-the-counter derivatives reforms took effect. The same reforms are months or years away in
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