Regulator in talks with derivatives brokers over potential PFOF rule breaches
The Financial Conduct Authority has
launched a probe into a group of London-based brokers over
possible abuses of the British regulator’s tough
rules on payment for order flow (PFOF).
The regulator is said by sources to be in
detailed talks with the London-based units of "a handful" of
large derivatives brokers as part of its pledge to clamp down
on payment for flow, a lucrative practice common in the
derivatives market until relatively recently.
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