A group of trade bodies jointly criticised the Basel leverage ratio rules last week
The world's top futures markets and
trading firms have added their voices to the growing chorus of
criticism aimed at the proposed Basel Committee leverage ratio
framework, arguing the rules are at odds with the G20
The Chicago Board Options Exchange,
Germany's Eurex, the Intercontinental Exchange, the Japan
Exchange and Nasdaq allied with some of their biggest clients,
including ABN Amro, DRW, Flow Traders, Geneva Trading, IMC,
Mako, Optiver, OSTC, Sun Trading, RSJ and Virtu Financial, to
outline in a joint letter their concerns about the Basel III
reviewed leverage ratio (LR) framework.
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