UK markets review to urge charging for stop losses – sources
Regulators will also ban the use of last look without intention to trade
Dealers will have to start charging explicitly for offering stop-loss orders, according to guidelines set to be published in the UK's Fair and Effective Markets Review (FEMR), as regulators seek to better reflect changes in market structure, sources say.
The FEMR's final recommendations, due to be published on June 10, are likely to include a ban on offering stop losses on a loss-making basis and propose segregating such orders from the trading desk in an agency setup. Rules will also promote
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