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New contracts cannot yet be traded in US
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  • Australian investment bankers said they support a formal review of the country’s takeover laws because of growing use of derivatives in deals, among other things.
  • The Kospi 200, Korea’s exchange traded derivatives index, dropped 42% in July from a year earlier, trading only 88.4 million contracts.
  • Two out of three U.K. asset managers said they do not expect the London Interbank Offered Rate to survive unscathed by the recent scandal, according to F&C Investments.
  • South Korea’s Ministry of Strategy and Finance announced plans to impose a 0.001% tax on futures contracts linked to the Kospi 200 exchange and a 0.01% levy on premiums for options.
  • Rep. Spencer Bachus (R-Ala.) has requested that investors and market participants submit ideas to the House of Representatives’s Financial Services Committee with the goal of coming up with an alternative to the Volcker Rule.
  • The Shanghai Stock Exchange has relaxed regulations governing exchange traded funds, now allowing more than one ETF manager to track the same index at the same time as a way of spurring competition.