Exchange leaders say liquidity, big data and Asia remain key areas of focus
Leaders of the global exchange community called on Tuesday
for increased focus on liquidity growth and said that
technology innovation will be a key aspect of regulation
Speaking at the FIA Europe International Derivatives Expo in
London on Tuesday morning, leaders from some of the world's
biggest exchanges said that uncertainty over impending
equivalence rules are also an area of discussion.
Jeff Sprecher, chairman and chief executive of the
Intercontinental Exchange, said: "It is encouraging that
problems and details of differences between rules and
jurisdictions are being uncovered and looked at by regulators;
this will ultimately lead to a data-driven resolution."
Garry Jones, London Metal Exchange CEO and co-head of global
markets at Hong Kong Exchange and Clearing, added that
regulatory arbitrage has become a growing risk, as contracts
traded across jurisdictions become required to meet differing
rules. "Jurisdictions being looked at, beyond margin
requirements, is an inherently important aspect," he
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