Complex foreign exchange options not ready for prime time

One source of confusion is how transactions between a non-U.S. firm and a U.S. entity are treated."What we're hearing from European counterparties is that they're a bit confused as to whether trading with a U.S. bank would make you subject to SEF regulations," [David Collins] sai...

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Bibliographic Details
Published inReuters Hedgeworld
Main Author Chavez-Dreyfuss, Gertrude
Format Trade Publication Article
LanguageEnglish
Published New York Argosy Group LLC 16.12.2013
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Online AccessGet full text
ISSN2331-1568

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Summary:One source of confusion is how transactions between a non-U.S. firm and a U.S. entity are treated."What we're hearing from European counterparties is that they're a bit confused as to whether trading with a U.S. bank would make you subject to SEF regulations," [David Collins] said. "Are you going to get into trouble because you didn't report the trade? And what is the rule if a European bank trades with the European entity of a U.S. bank? Is that trade under SEF?"
ISSN:2331-1568