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NASDAQ buys power and gas clearinghouse

09 March 2010

NASDAQ OMX has purchased Chicago-based North American Energy Credit and Clearing.

Read more: [NASDAQ power gas]

NASDAQ OMX has purchased Chicago-based North American Energy Credit and Clearing (NECC), Financial Times reports. It...
 

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Poll

What will UCITS IV mean to the market?

It will increase economies of scale and reduce costs for UCITS investors
34%
It will provide more choice, transparency and investor protection
17%
It will encourage the consolidation of funds
17%
It will result in a push by firms to domicile in a single location as opposed to multiple
17%
No real effect at all
14%

Quote

Financial instruments must be valued correctly by traders and a firm’s systems and controls must be able to minimise the risk of traders mis-marking their positions. When a firm’s systems and controls fall short of required standards, we will not hesitate to take action.

Margaret Cole, FSA director of enforcement and financial crime


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