US regulatory changes‘wrenching’: INTL FCStone
Oct 19, 2012 | 01:59 PM
| Andrea Hotter
LONDON The regulatory changes currently being imposed on the U.S. commodities and broader financial markets are chaotic and "wrenching" on market participants, the chief executive officer of INTL FCStone Inc. told AMM.
Sean OConnor said the fact that new regulations are required isnt surprising, but their introduction in such a short space of time is proving problematic.
"The U.S. futures industry is 10 to 15 years behind whats happened in the other industries," he said. "The problem is, the regulators are aiming to complete what was done in a very steady, systematic way over 10 to 15 years, but theyre trying to smash those changes through in one massive go. I cant tell you how wrenching this is for the people in the U.S. Were dealing with it and its tough, but the smaller guys have got no shot."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.