Some of the world's top exchanges and market-makers have attacked the plan
An unlikely group of the
world’s top exchanges and trading firms have taken
the unusual step of writing to the world’s top
regulators outlining grave concerns about their planned
leverage ratio and calling for a change to how the
controversial levy is set.
Exchanges CBOE Holdings, CME Group and the
Intercontinental Exchange, clearing house OCC, broker ABN Amro
Clearing and market-makers DRW, Flow Traders, IMC, Optiver,
Ronin Capital and RSJ sent the letter to the Basel Committee on
Banking Supervision (BCBS), the Financial Stability Board and
the European Commission on Tuesday.
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