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New Rules to Boost Costs as LME Builds Clearinghouse

This week’s arrival of a ramped-up European regulatory regime is set to make derivatives trading more costly for exchanges and their customers, though it isn’t clear by how much, the chief of the London Metal Exchange’s under-construction clearing group said. “There’s a price to be paid for extra regulation,” Trevor Spanner, an LME managing director and architect of LME Clear, told Dow Jones Newswires. Read Fox Business News report here.

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