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Derivatives

"If a concept beyond the [regulated markets] and multilateral trading facility definitions was necessary, it is clear in CESR's view that the equities focused regimes for systematic internalisers and broker crossing systems would not be appropriate as currently formulated."

--The Committee of Securities Regulators, in a feedback statement to the European Commission rules out applying the so-called systemic internalizer regime to the trading of over-the-counter derivatives.

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