Frontloading may create unlevel playing field

The frontloading requirement under European Markets Infrastructure Regulation may create an unlevel playingfield by subjecting European derivatives traders to stricter rules than in other jurisdictions, market participants say. Hans-Ole Jochumsen, executive vp responsible for global market services as Nasdaq OMX in Stockholm, told GlobalCapital that he questions the need to frontload derivatives trades to clearinghouses before the start of mandatory clearing next year.